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Overview
This commercial property is situated in an industrial precinct at the corner of Wewak and Gray Streets, Lot 3, featuring a large land area totaling approximately 1.061 hectares (equivalent to 2.62 acres). The site offers versatile land and development opportunities suited to a variety of commercial uses.
The property includes a substantial large shed measuring around 1,483 square meters, complemented by a verandah area of approximately 590 square meters. This results in a combined total floor area of roughly 2,113 square meters, providing extensive covered space.
The site is currently leased in four individual sections, generating a stable rental income. The monthly lease amounts, inclusive of GST, for each section are:
- Section No. 1: $524/month
- Section No. 2: $1,331/month
- Section No. 3: $490/month
- Section No. 4: $5,016/month
The total rental income sums to $7,361 per month inclusive of GST, which totals approximately $88,332 annually. The leasing arrangement reflects a well-diversified tenancy structure appealing to investors seeking steady income streams from commercial leases.
Accommodations within the property include office space, smoko (break) rooms, multiple toilets including showers, and 3-phase power to support industrial operations. Specifically, one tenancy contains an office, smoko room, 2 toilets, a shower, and 3-phase power, while the second and third tenancies each include two toilets, showers, a smoko area with a sink, office space, and two enclosed rooms, offering functional facilities for a variety of commercial and industrial activities.
All area measurements and distances given in this description are approximate and intended as a guide only. These features make this a notable industrial land and development asset in Queensland's commercial property market, ideal for businesses requiring large scale warehouse or workshop space, or investors looking for an established income property with multi-tenanted lease arrangements.
Local Market Insights
In Wangan, Quiet Listings observed 7 new commercial properties entering the market over the last 30 days, with an average advertised asking price of $705,500. The property type mix of listed properties is predominantly Houses at 43%, followed by commercial properties (30%), and land (26%). A&A Realty was the most active agency monitored, representing 52.4% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Wangan QLD 4871
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 2113 m² |
Market Insights for Wangan QLD 4871
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
