FAL Property Group is pleased to announce the successful leasing of all tenancies at 11 Shoebury Street, Rocklea.
A victim of the 2022 flood event, the 1,380sqm industrial complex had some challenges to overcome through the leasing process.
All 4 tenancies at the property were vacated and gutted after the flood, with building renovation works ongoing throughout the leasing campaign. Flood risk concerns and the property’s presentation as an active building site made the leasing process difficult, however with a little perseverance FAL Property Group agent John Andrew was able to execute new leases on each of the 4 tenancies at the property before the renovations were completed.
Now fully occupied and renovated to a modern standard, the property achieves fully net rents from $125-150/sqm.
For more information about the lease, please contact John Andrew at 0488 018 998 or john@falproperty.com.au.
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Assumptions
The price min/max proposed are based on the current averages observed in the marketplace, excluding the CBD where wider variances can be seen. Use this tool as a generic price guide only. It should not be used for valuation or rent determination reasons.
For a specific appraisal please contact our agency.
Assumptions
The value min/max proposed are based on the current averages observed in the marketplace, excluding the CBD where wider variances can be seen.Use this tool as a generic price guide only. It should not be used for valuation or rent determination reasons.
For a specific appraisal please contact our agency.