FREEHOLD IS FOR SALE NOT THE BUSINESS.
The property is located on Childers Road, a main artery into Bundaberg and close to the intersection of the new ring road. The property is not flood affected.
Total site area is 17,350m2.
This property is offered at the selling privately of $2.2 million.
The company will enter into a 5 + 5 year lease and rental agreement up to 9% of the purchase price.
$198,000 net return + GST
tenant pays all outgoings.
The company is 'National Poly Industries Group' which is a privately owned manufacturing and marketing company servicing Queensland, New South Wales, Victoria and South Australia.
Since the companies acquisition by the current owners in 2004 NPI has grown to become Australia's largest manufacturer of water tanks and associated storage products.
The company is the key supplier to Bunnings, Mitre 10, Landmark, and Reece.
The company also markets to a wide range of builders and has a network of over 800 agents selling.
In addition the company manufactures and markets the award winning Polycraft recreational trailer board from 3 meters to 6 meters through and Australian wide network of of over 40 dealers.
The company has been established on the site since 1985.
Why the property is for sale -
In 2004 the purchase of the company including the land and buildings. As the company has grown the business ha focused on leasing the land and buildings from previous owners.
The companies board has decided that as national business the company should rationalize the real estate assets and focus the proceeds to further expansion of there business.