By Expressions of Interest closing Thursday 26th September @ 4pm
This excellent commercial investment property is now on the market for sale by Expressions of Interest. 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 many years.
There is a 4 Year WALE in place with a Lease until October 2023 with a net income of $185,067.06 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 8% Net returns for the savvy investor.
The property is offered for sale by Expressions of Interest closing on Thursday September 26th at 4pm if not sold prior. For the full sale details please contact Shaun McLaren at Colliers International Townsville.
• $185,067 Net Income till October 2023
• 4 Year WALE to National Company
• Great Return of 8% Net on Offer
FOR SALE
By Expressions of Interest closing Thursday 26th September @ 4pm
This excellent commercial investment property is now on the market for sale by Expressions of Interest. 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 many years.
There is a 4 Year WALE in place with a Lease until October 2023 with a net income of $185,067.06 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 8% Net returns for the savvy investor.
The property is offered for sale by Expressions of Interest closing on Thursday September 26th at 4pm if not sold prior. For the full sale details please contact Shaun McLaren at Colliers International Townsville.