269-271 Ingham Road Garbutt QLD 4814
- Industrial / Warehouse
- 4,114 m²
- For Sale, $3,850,000 (GST na)
Showroom / Warehouse Complex - New 5+5+5 Year Lease
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. Ingham Road property is fully leased. Gorden Street property is half-leased. 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. Nett Income on a fully-let basis is $346,159 pa. Nett Passing Income is $284,609 pa.
Information Memorandum available.
For further details or to arrange an inspection, please contact Angelo Castorina at Colliers International Townsville.
|Floor Area||4,114 m²|
|Land Area||6,099 m²|
|Annual Return||Ask Agent|
|Last updated||19 Feb 2020|