For Sale: $3.1* million + GST
7.9%* Return Secure, Long-Term Tenants
Zoned Light Industry, this 2.24* hectare property is divided into two income-generating parcels with long-term tenants already in place, providing excellent returns and minimal management.
37A Emungalan Road
Tenant: Agricultural Service sand Supplier Current lease is five years with potential for a longer term
Multipurpose facility with huge storage shed, showroom and office facilities
Secure, fully fenced yard with road train turnaround access
Established history of stable, long-term occupancy
37B Emungalan
Tenant: Reputable construction company, the section was previously utilised as a truck yard
Shed (size) with two bedroom fully self-contained studio accommodation
Secure, fully fenced yard with road train turnaround access
Stable, long-term engagement
This high-yield investment with a 7.9%* return an attractive prospect for investors seeking passive income and reliable tenants in a booming light industrial and agricultural region.
Katherine serves as a vital service centre for an area roughly the size of Victoria, making it a key economic and logistical hub for Northern Australia. The town plays an integral role in supporting the pastoral industry, with extensive cattle operations relying on Katherine's businesses for essential supplies, logistics, and services. Additionally, it is a crucial supply point for numerous small indigenous communities across the region, further bolstering its economic importance.
The property is benefited by the following:
Rare Zoning: Light Industry zoning allows for a diverse range of industrial and commercial uses, making it a flexible and valuable asset.
Strong Economic Foundations: The pastoral industry, defence sector, and regional service economy create stable demand for industrial properties.
Expanding Workforce & Population Growth: The influx of workers due to infrastructure projects and defence investments continues to drive demand for industrial and commercial properties.
High-Growth Potential: Katherine's ongoing economic development and strategic location make it a prime spot for future growth and investment returns.
*Approximately
