37159 BRUCE HIGHWAY, JULAGO QLD 4816
Price by Negotiation. Reasonable Offers Considered
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- 21 Oct 2016
Development Site in Growth Corridor with Income
This property is a great investment for the astute Developer / Investor in Townsville’s future growth corridors. 6.5 Hectares of Uniquely positioned land for development close to the city with residual income. Currently home to a 3.5 Star AAA 10 fully self-contained roomed Motel and large residence operating under lease with experienced operator.
Why you should you purchase this great opportunity?:
- Potential Asset Value of $12m fully developed
- City Side of Rocky Springs Development
- Income Producing
- Motel Leased until 31/08/2018 at $28.6k PA + Outgoings
- Current unimproved Asset Value of $850k and $200k Lease Value
- Residence Leased until 04/06/2016 $23.4k PA + Outgoings
The suburb of Julago is the subject of much talk in Townsville, It is where the $1b Rocky Springs Development will take place and only 15kms South of the CBD. The Sunbird Development site butts up to the Rocky Springs to the city side. The Town Planning classification is consistent with future residential A and B. Infrastructure provisions have also been made.
The Sunbird Development Site is on 6.5 Hectares of hillside that has been cleared and bevelling commenced to allow for 75 x 950m2 blocks and green parkland connections as well as a myriad of other potential uses including Aged Care subject to Council approval. The site has a fantastic elevation and valley aspect on a gentle sloping orientation. It provides for excellent drainage, is not subject to any flooding and the valley funnels the prevailing South Easterly breezes.
The seller is serious and committed to selling although other options could be explored with potential to lease the Motel site and Business with an option to buy the freehold.
For more information on this great opportunity contact Denny anytime.
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
37159 BRUCE HIGHWAY JULAGO