18 Anne Street Aitkenvale QLD 4814

Pascoe Commercial is excited to offer for sale this prime corner, long term tenanted investment opportunity. Ideally located on the main corner leading into the Aitkenvale industrial area.

This clear span workshop has housed a mechanical workshop specialising in exhaust for almost four decades. The current operator commences a new 5 + 5 year lease in October 2022 at $75,000 pa gross plus GST.

The improvements consist of a total 525 square metres including a load bearing 75 m2 mezzanine with upstairs air-conditioned office. The property benefits from excellent access via multiple crossovers off Anne Street, ideal for mechanical operations. This workshop has also been upgraded with a new roof within the last 10 years.

This property's central location benefits from being within 1km from Townsville's largest shopping centre 'Stockland' and connects easily with major surrounding road networks and highways.

With such a well-established mechanical operation at such a fair market rental on a new 5 year lease secured by a six month bank guarantee.
This well located and solidly constructed property returning circa $60,000 pa net is a rare offering in the sub $1m range for Townsville.

It should certainly provide the successful investor with consistent and strong returns for many years to come given its never been vacant since its original construction almost 4 decades ago.

For sale by Expressions of Interest closing Thursday 8th September 2022 at 4pm (if not sold prior).

For more information including a comprehensive due diligence package or to arrange an inspection, please contact the exclusive selling agent:

James Pascoe