• Sold
Perfectly Catering To Your Investment Needs With 9.4% Net Return
Perfectly Catering To Your Investment Needs With 9.4% Net Return
Perfectly Catering To Your Investment Needs With 9.4% Net Return
Perfectly Catering To Your Investment Needs With 9.4% Net Return
Perfectly Catering To Your Investment Needs With 9.4% Net Return
Perfectly Catering To Your Investment Needs With 9.4% Net Return
Perfectly Catering To Your Investment Needs With 9.4% Net Return
Perfectly Catering To Your Investment Needs With 9.4% Net Return
Perfectly Catering To Your Investment Needs With 9.4% Net Return
This excellent commercial investment property is now on the market for sale for $2M. It is a rare retail showroom and warehouse facility ideally located on the fringe of the Townsville CBD at 97 Ingham Road in West End. It enjoys great exposure and has had Reward Catering as a long standing tenant for over 20 years.

There is currently a 4 Year WALE with a Lease until October 2023 with a net income of $188,494 plus GST making this an excellent investment option for anyone looking for a great property with a secure investment income. The improvements for the property include 510m2 of reconditioned showroom and office space, 680m2 of rear warehouse space along with an additional 350m2 of adjoining warehouse that was purpose built for the current tenant.

The property has been well maintained for many years and presents well with views up to Castle Hill and located only 2.7 km from the heart of the Townsville CBD. Based on the current net income this property will be offering an 9.4% Net return for the savvy investor.

The property is offered for sale for $2,000,000. For the full sale details please contact Shaun McLaren at Colliers International Townsville

Ref #: R2-2023164

Property Details

  • 18/12/2019
  • Contact our experts for details on this transaction