Smaller Industrial Units Reduce Rent to Lease

SMALLER INDUSTRIAL UNITS REDUCE RENT TO LEASE

A modern industrial unit with a significant rent reduction in the premier Toowoomba industrial precinct of Wilsonton is being offered for lease by Ray White Commercial.

The property, Unit 2 Quantum Business Park, 1-5 Gardner Court, Wilsonton, is being marketed by Ken Avery of Ray White Commercial Toowoomba.

Mr Avery said the approximately 309 sqm warehouse unit features an air-conditioned office plus a 750KG/sqm compliant mezzanine and was previously listed for lease in 2007/08 for approximately $32,000 per annum plus GST and outgoings.

“This new listing has seen the asking rent reduced to just $15,000 per annum plus GST and outgoings with the lessor’s right to review the market every 12 months,” he said.

“As smaller industrial unit sites are becoming difficult to lease in the present market, we are seeing some extraordinary deals being considered by landlords in an endeavour to prevent their properties sitting vacant for extended periods of time.

“Other similar sized office and unit spaces have also seen significant reductions with some marketed with annual fixed dollar value increases within the lease term, in a bid by property owners to take affirmative action in a tough market where their properties have remained vacant for extended periods. This is further viewed to provide potential tenants with fixed amounts on which they can budget in uncertain times.”

Mr Avery said this unit’s huge rent reduction and ideal location represents the perfect opportunity for a small company to set up their business base and he believes it will be quickly snapped up.

“The unit is ideally located adjacent to the entrance within a complex of 13 quality units including an on-site take-away food shop,” he said.

“There’s plenty of on-site parking plus access to a shared 40 foot container set down bay.”

“The unit is located approximately five minutes from Toowoomba Airport Terminal and approximately seven kilometres from Toowoomba’s CBD with easy access to the Warrego and New England Highways.”