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97 Ingham Road West End QLD 4810

  • Industrial / Warehouse
  • 1,540 m²
  • For Sale, $2,000,000

Perfectly Catering To Your Investment Needs With 9.4% Net Return

This excellent commercial investment property is now on the market for sale for $2M. It is a rare retail showroom and warehouse facility ideally located on the fringe of the Townsville CBD at 97 Ingham Road in West End. It enjoys great exposure and has had Reward Catering as a long standing tenant for over 20 years.

There is currently a 4 Year WALE with a Lease until October 2023 with a net income of $188,494 plus GST making this an excellent investment option for anyone looking for a great property with a secure investment income. The improvements for the property include 510m2 of reconditioned showroom and office space, 680m2 of rear warehouse space along with an additional 350m2 of adjoining warehouse that was purpose built for the current tenant.

The property has been well maintained for many years and presents well with views up to Castle Hill and located only 2.7 km from the heart of the Townsville CBD. Based on the current net income this property will be offering an 9.4% Net return for the savvy investor.

The property is offered for sale for $2,000,000. For the full sale details please contact Shaun McLaren at Colliers International Townsville

Highlights:
* $188,494 Net Income till October 2023
* 4 Year WALE to National Company
* Net Return of 9.4% on Offer

Property Highlights

Property ID2015534123
Floor Area1,540 m²
Land Area2,428 m²
Parking20 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  18 Nov 2019
Map for 97 Ingham Road West End QLD 4810
Colliers International Townsville
Federation Place - Level 1, 42 Sturt Street Townsville City QLD 4810

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