 Asset Class: | Industrial |
 Price: | $ 6541300 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>Presenting an exceptional investment opportunity with this brand-new freehold industrial property in the thriving Townsville Industrial Estate. Completed in December 2023, this modern facility offers a rare combination of prime location, quality construction, and secure tenancy.</p> <p>Set on a generous 1,188 sqm freehold site with excellent exposure to Whitehouse Street, this versatile industrial asset features a high-clearance 489m² warehouse with attached office and reception area. The property benefits from its strategic position with proximity to arterial roads including Bayswater Road and Woolcock Street, while being just 8kms to Townsville CBD, 6kms to Townsville Airport, and 11kms to Townsville Port.</p> <p>The property is securely leased to CrossFit No Bad Days Pty Ltd, who commenced their 12-year lease in December 2023. This established fitness business, operating since 2020, has signed a long-term commitment until 2035 with two further 5-year options. The lease includes attractive 3% fixed annual increases, providing dependable income growth for investors.</p> <p>The facility itself showcases contemporary design with concrete pre-cast panel construction, steel frame, and modern aesthetic. Multiple access points include 7 roller doors, ensuring exceptional functionality for the tenant's operations. The warehouse features excellent natural light with macro-air warehouse fans for climate control, while the site includes generous customer parking with 15 on-site spaces including handicap access.</p> <p>Townsville's position as North Queensland's economic capital, with over $27 billion in infrastructure projects underway and forecasted population growth of 24% by 2041, provides an excellent backdrop for this investment opportunity in a region with strong growth fundamentals.</p>
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<p>Townsville stands as the <strong>economic capital of North Queensland</strong>, positioned for substantial growth with over <strong>$27 billion in infrastructure projects</strong> currently underway. The region's population is forecast to expand by an impressive <strong>24% by 2041</strong>, creating strong fundamentals for commercial property investment.</p> <p>The property enjoys strategic positioning within the Townsville Industrial Estate, benefiting from <strong>excellent connectivity</strong> to major transport routes. Located just <strong>8kms from Townsville CBD</strong>, <strong>6kms to Townsville Airport</strong>, and <strong>11kms to Townsville Port</strong>, the site offers exceptional accessibility for business operations.</p> <p>The immediate area features a strong mix of established industrial and commercial businesses including Vulcan Ulrich Aluminium Industries, Rasmussen Mechanical & Tyres, RJG Builders, Shade & Sail Townsville, and Motor Marine, creating a vibrant business ecosystem.</p>
Additional Location Information File<p>The property is leased to <strong>CrossFit No Bad Days Pty Ltd</strong>, an established fitness business operating in Townsville since December 2020. This represents their <strong>second location in Townsville</strong>, demonstrating successful business growth.</p> <p>Key lease details:</p> <ul> <li><strong>12-year lease commitment</strong> commenced December 2023</li> <li><strong>Two further 5-year options</strong> extending potential tenancy to 2045</li> <li><strong>3% fixed annual increases</strong> providing reliable income growth</li> <li><strong>Personal guarantee</strong> from owner Leanne Jurgens</li> <li><strong>Three-month bond</strong> providing additional security</li> </ul> <p>The business benefits from <strong>Townsville's strong fitness culture</strong> and the growing popularity of CrossFit's training framework. Their established presence in the local market supports their long-term viability as a tenant.</p>
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<p>The property delivers a <strong>secure income stream</strong> equating to approximately <strong>$134 per square meter</strong> - comparing favorably with similar properties in the area.</p> <p>Key financial advantages include:</p> <ul> <li><strong>Long-term income security</strong> via a 12-year lease with two 5-year options</li> <li><strong>Built-in income growth</strong> through fixed 3% annual increases</li> <li><strong>Net income of approximately $65,000 annually</strong> after outgoings</li> <li><strong>Outgoings</strong> include rates ($8,158), insurance ($5,358), and property management</li> <li><strong>Brand new construction</strong> offering maximum depreciation benefits</li> </ul> <p>The property was completed in December 2023, with a site valuation of $200,000 (effective 01/10/2021), representing exceptional value for a modern industrial facility.</p>
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<ul> <li>Brand-new freehold industrial property completed December 2023, offering maximum depreciation benefits</li> <li>Generous 1,188 sqm freehold site with 489m² high-clearance warehouse</li> <li>Secure 12-year lease to established tenant with two 5-year options</li> <li>Strong income security with 3% fixed annual increases</li> <li>Prime location in Townsville Industrial Estate with excellent arterial road access</li> <li>Modern construction with concrete pre-cast panel, steel frame, and contemporary design</li> <li>Multiple access points with 7 roller doors enhancing operational flexibility</li> <li>Excellent frontage of approximately 20 meters to Whitehouse Street</li> <li>Ample on-site parking including handicap access and delivery vehicle accommodation</li> <li>Strategic positioning just 8km to CBD, 6km to airport, and 11km to port</li> <li>Located in Townsville - North Queensland's economic hub with substantial infrastructure investment</li> </ul>
