198-200 Charters Towers Road Hermit Park QLD 4812

Ray White Commercial Townsville are pleased to offer 198-200 Charters Towers Rd as a multi tenanted freehold investment opportunity for the astute investor.

198 Charters Towers Rd is currently leased to "The Coloured House" specialising in blinds and interior decoration and features two open plan layouts, storeroom and fully refurbished staff amenities.
Property details;
• Tenancy area: 275m2
• Land area: 372m2
• Lease renewal from 01/06/25 (pending new lease execution)
• Rental: $65,643.19 pa gross plus GST
• Outgoings: $19,157.92
• Net rent: $46,485.27 pa plus GST

Sale Price: $750,000

200 Charters Towers Rd is a well exposed corner site and home to long term tenant "Top Brand Cycles".
The 315m2 NLA consists majority of open plan layout with offices and amenities accessing to the rear car park and storeroom.
Top Brand Cycles currently have a lease till late 2026 paying $73,355.63 pa gross plus GST.

Property detail;
• Building area: 315m2
• Land area: 647m2
• Leased till late Aug 2026
• Gross rent: $73,355.63 pa plus GST
• Outgoings: $21,481.69 pa
• Net rent: $51,873.94 pa plus GST
• Can be reconfigured back into 3 smaller tenancies

Sale Price: $900,000

For further information please don't hesitate to contact Ray White Commercial Townsville today.