Rifen Marine warehouse premises listed in Rockhampton

Three as-new warehouse/office/showroom buildings have been listed for auction in Rockhampton.

Located at 6 Dooley Street, Park Avenue (pictured above), the buildings are leased to two established businesses.

The tenants are Olive & White Cabinet Making.

Plus Rifen Marine, the largest chandlery in Central QLD which is also a Mercury dealership.

They have both signed onto five year leases until July 2023 plus options to 2028.

The tenants will pay outgoings as per the leases and there are CPI annual rent reviews.

The freehold freehold corner site (pictured above) is 2,691 sqm fully concreted and sealed and has on-site parking for 20 vehicles.

The building area is only 930 sqm.

The net income is advised as $172,200 pa + GST.

The auction is set for October 23.