Barolin Tower - Commercial Property Sale




Barolin Tower - Commercial Property Sale

Bundaberg CBD - Commercial Investment

This attractive Multi Story, Inner City, Landmark Commercial Office Building is offered For Sale at an attractive rate of return of 8.5%.

The property is very well located in the Central Business District of Bundaberg City being in close proximity to the CBD, Post Office, Courthouse and Banks.

The building is in a flood free location with northerly views over the Burnett River and high exposure to Quay St, a major city thoroughfare.

These natural assets together with its amenity to the CBD and ample street parking ensure a high occupancy rate.

The building locally known as the WIN TOWER is currently tenanted by a number of long term, Corporate Tenants such as WIN TV and Legal Aid Queensland. Other quality tenants with good long leases include the Aboriginal and Torres Straight Islander Legal Aid Service, Fisher Dore Solicitors and Parliamentary Services. The Local State Member has held an office in the building for many years and it has been home to many MP's over the years. The building has 15 tenancies and is home to a number of Law Firms.

The overall condition of the building is excellent with some major upgrades having taken place over the last couple of years. The Lift has just had a new motor, controller and car modernisation implemented. The ground floor veranda roof has just been replaced and the fourth floor veranda blinds have also been replaced.

The entirety of the third floor occupied by Legal Aid Queensland has undergone a complete refit and is serviced by a new tenancy specific air conditioning system.

The Ground floor tenancies have all had new split system air conditioners installed in the last 12 months. Floors One and Two are supplied by a main system that has had a new compressor and evaporator installed only a few years ago.

There is only one small vacancy in the building at present and this will be filled very soon.

Rare opportunity to buy a quality, blue chip commercial property at an 8.5% net return on investment.


PRICE: Price on Application
  • Landmark Bundaberg Property Offered For Sale
  • Great Location at the Corner of Quay and Barolin Streets
  • Six Levels including an Underground Carpark
  • Short Stroll to Post Office, Courthouse, Banks and Retail Shops
  • Lift Access to Upper Floors - Just Had Major Upgrades
  • Total Lettable Floor Area of the Building - 1,700m2 approx
  • High Occupancy Rate 96% with Quality Professional Tenants
  • Long Term Leases In Place for Ongoing Piece of Mind
  • 12 Basement Car Parks
  • Anchor Tenants:
    • WIN TV
    • Legal Aid QLD
    • Aboriginal Legal Aid
    • Parliamentary Services - Local MP
    • Five Solicitors

PLEASE NOTE: It is our policy to protect the interests of our clients. Accordingly, prior to releasing any sensitive information, including financial information, we require a Confidentiality Agreement to be signed and returned to us. You can obtain one of these either by clicking here or by making an enquiry using our feedback form. When you make an enquiry from this page on a listing an email will automatically be sent to you with the confidentiality agreement attached. This agreement is in .pdf format so you will need Acrobat Reader to view it. Print it out and scan and email it to us, take a picture on your smart phone or drop it into our office.

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CONTACT

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Address

CBD Realty
Ground Floor 'WIN Tower'
2 Barolin Street, Bundaberg, Qld 4670