<p>Townsville stands as a vibrant urban centre in north-eastern Queensland, characterized by a blend of natural beauty and economic vitality. As one of the largest cities in the state, Townsville serves as a pivotal hub for commerce, industry, and culture.</p> <p>The city has experienced <strong>steady growth</strong> over the years, fuelled by its strategic location, diverse economy, and robust infrastructure. Its population has consistently increased, attracting both domestic migrants and international residents seeking employment opportunities and a high-quality lifestyle.</p> <p>Townsville's economy thrives on a variety of industries, from agriculture to tourism to its natural resources. The city's proximity to the Great Barrier Reef and the lush rainforests of northern Queensland creates a unique position for tourism development.</p> <p>Furthermore, Townsville boasts a <strong>robust industrial base</strong>, with sectors such as mining, manufacturing, and logistics playing significant roles in its economy. The city serves as a crucial gateway to the vast mineral reserves of northern Queensland, with mining operations driving employment and investment in the region.</p> <p>Additionally, Townsville's strategic location has made it a key transportation and logistics hub. Its port facilities facilitate the export of goods and commodities, connecting local businesses to national and international markets.</p>

<p>The property is fully leased to two established tenants operating in complementary sectors:</p> <ul><li><strong>Community Solutions Group</strong> has been operating since 1998 and has supported regional Queensland, Victoria and South Australia offering employment support, vocational training and social support with over 38 locations across Australia. Their lease expires in June 2023 with a 3+2-year option.</li><li><strong>Fusion Solar & Electrical</strong> is one of Queensland's leading electrical and refrigerating contractors specializing in sustainable energy solutions. They have been on-site for approximately 2-4 years.</li></ul> <p>Both tenants are related parties to the owner, with Fusion Solar & Electrical having a direct relationship. Together they occupy 630 square metres across the warehouse and office components, with Community Solutions Group occupying 182 sqm at a rate of $324.17/sqm and Fusion Solar & Electrical occupying 448 sqm at a rate of $223.43/sqm.</p> <p>The tenancy arrangement provides a diversified income stream from established businesses, with lease terms structured to include <strong>3% annual rental increases</strong>.</p>

<p>This premium industrial investment offers compelling financial metrics with a <strong>purchase price of $2,000,000</strong> and delivers an attractive <strong>net yield of 6.8%</strong>. The property generates a secure <strong>net income of $136,330 per annum</strong> with built-in <strong>3% annual rental increases</strong> ensuring growing returns over time.</p> <p>The asset demonstrates strong capital appreciation potential, having previously sold for just <strong>$545,000 in November 2020</strong> before its comprehensive renovation to A-Grade standard. This represents a substantial value increase in just three years, highlighting the property's investment quality.</p> <p>Current lease terms provide income security with two established tenants occupying separate self-contained tenancies. The purchase opportunity includes standard commercial terms with <strong>28 days for settlement</strong>, <strong>28 days for due diligence</strong>, and <strong>45 days for finance</strong>.</p>

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