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Sold on 8 Nov 2019

6-8 Allen Court Torrington QLD 4350

  • Industrial / Warehouse
  • 650 m²
  • Sold

Priced to Sell - 7.5% Net Yield - 5 year lease in place! Fantastic Buying

  • 5 yr lease - 7.5% Net Yield Investment
  • $125,469.40 net rent - yearly increases
  • 8,082m2 medium impact industrial land!

Situated on a 8,082m2 block in the Medium Impact industry zone in Torrington, 6-8 Allen Court presents a unique opportunity to purchase a set and forget tenanted investment.

Planet Paints tenant the property and have done so for quite some time. They have just signed a new lease providing guaranteed income for the next 5 years. The property is producing a net income of $125,469 per year with annual CPI increases and the tenant pays all outgoings.

The property incorporates:
360m2 Warehouse / Production area
Separate 190m2 Sales / Office area
100m2 Storage shed

The property has a concrete driveway for easy access and plenty of onsite car parking. Currently situated at the rear of the property there is also the potential to develop approx. 2,100m2 at the front of the property.

With direct access from one of the industrial arterial routes, Carrington Road, this property has huge potential for growth whilst receiving an income from the current tenant.

Property Highlights

Property ID2015308500
Date Sold8 Nov 2019
Floor Area650 m²
Land Area8,082 m²
Parking20 x Onsite parkings
Building TypeWhole building
Category
Last updated  17 Oct 2019
Map for 6-8 Allen Court Torrington QLD 4350
Drew Camm
3 Lucinda Dr Highfields QLD 4352

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