• For Sale
  • Factory / Warehouse
Showroom / Warehouse Complex - New 5+5+5 Year Lease - Fully-let - 8.0% nett
Showroom / Warehouse Complex - New 5+5+5 Year Lease - Fully-let - 8.0% nett
Showroom / Warehouse Complex - New 5+5+5 Year Lease - Fully-let - 8.0% nett
Showroom / Warehouse Complex - New 5+5+5 Year Lease - Fully-let - 8.0% nett
Showroom / Warehouse Complex - New 5+5+5 Year Lease - Fully-let - 8.0% nett

For Sale

$3,850,000
The property has excellent exposure to Ingham Road, a main arterial road. It is conveniently located to Townsville Airport, the industrial areas of Garbutt, Mount St John and the Bohle, and to Townsville CBD, all being within a 7 km radius (approximately).

The property comprises 2 industrial buildings with 3-street frontage – Ingham Road, Peel Street and Gorden Street. The building fronting Ingham Road comprises of air-conditioned showroom space with warehouse and mezzanine area, of masonry block construction, with on-site car parking. The warehouse fronting Gorden Street is of steel frame / clad construction, with airconditioned office space. Both buildings have gantry cranes – Gorden Street crane is not certified. Total land area is 6099 sqm.

Haymans Electrical has been a tenant since 2004. They have renewed their lease on the Ingham Road property with a new 5-year Lease commencing 1 June 2018 plus 2 further 5-year Options. In addition, they have leased half of the Gorden Street property with a 3+3 year lease commencing 1 August 2018. Haymans Electrical have now agreed to lease the balance area as well on a new-5-year lease for the total building. Nett Income on a fully-let basis is $309,390 pa (GST exclusive).

Information Memorandum available.

For further details or to arrange an inspection, please contact Angelo Castorina at Colliers International Townsville

Ref #: cbe01d34-a748-49f0-98cd-cea5e8

Property Details