321 Ingham Road, GARBUTT QLD 4814
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- Industrial / Warehouse
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- 0 x Onsite parking
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- 27 May 2016
National Tenant - High Returning Investment
321 Ingham Road, Garbutt represents an exceptional investment opportunity with substantial rental income and high returns from a well established and successful electrical supplies provider with 22 branches across the nation currently and a wide range of distributors in Australia, South Pacific region and New Zealand.
The 2,145 m2 street to street site is improved with a brick veneer and masonry warehouse configured to provide a 437sqm showroom and 666sqm of warehouse plus a concrete tilt slab extension has been constructed more recently to provide additional warehouse space of approx 353sqm.
The property enjoys a secure cash flow of circa $160,000 pa net with a 2.5 years approx remaining on the 3 year lease to Alco Battery Sales (Aust) Pty Ltd. The lease commenced on 10th September 2012 with second option now exercised, the lease expires on 9 September 2018.
Combining a quality industrial facility with high exposure to Ingham Road and the high volume of passing traffic, it’s an enviable position only metres from the airport and just minutes from the Townsville CBD. This property is a solid inclusion to any investors portfolio.
- Office / Showroom: 437m2; Warehouse: 1019m2; Total: 1456m2
- Site: 2145m2; Zoned: Low Impact Industry; Dual Street Access
- Current Return: $160,000 pa net with 2.5 years approx remaining on a 3 year lease to national tenant 'Alco Battery Sales (Aust) Pty Ltd'
- Asking Price: $1.68 million; Yield: 9.5% net
For more information or to arrange an inspection, please contact:
James Pascoe - 0411 296 070
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
321 Ingham Road GARBUTT