 Asset Class: | Industrial |
 Price: | $ 1000000 |
 Net Yield: | 6.30 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Situated in the sought-after industrial precinct of North Toowoomba, this property presents an exceptional investment opportunity, featuring a reliable long-term tenant ‘Excel Panel & Paint’ who have proudly occupied the site for over 45 years.<br>The property comes with a triple net lease until 2033 with further 8 years in options to 2041. It also boasts landlord friendly% annual increases. <br>This is a great investment in an ideal location underpinned by a strong leasing covenant with a desirable tenancy returning a net income of $63,000* per year.
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<b>Toowoomba Excel Panel & Paint Pty Ltd</b><br><br><b>Business Type: </b>Auto Body Shop<br><b>Website: </b><a style="color:rgb(44, 123, 208);display:inline;font-weight:normal;" target="_blank" href="https://www.facebook.com/p/Excel-panel-paint-100063767640124/"><u>Excel panel & paint | Toowoomba QLD | Facebook</u></a><span style="font-weight:normal;"></span>
Initial Term:
Security:
Security Info:
Tenant pays 100% of the outgoings including property management and land tax
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject Property: $116 Per Sqm 72 Carrington Road Torrington QLD 4350: $250 per Sqm for 460 m2 of NLA Shed B04/45-61 Isaac Street North Toowoomba QLD 4350: $139 Per Sqm for 900 m2 of NLA 8 - 10 Tointon Street Toowoomba QLD 4350: $208 Per Sqm for 470 m2 of NLA
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
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Settlement:
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Longstanding tenant </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">8 Year triple net lease to 2033 with 2 x 4 years in options </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net income of $63,000 per annum + GST</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">4% Fixed annual increases</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">967m2 Total site area</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">540m2* NLA</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Favourable 'Medium Impact Industry' zoning allowing 24/7 operations</span></p></li></ul>
