 Asset Class: | Industrial |
 Price: | $ 3060000 |
 Net Yield: | 7.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Introducing a sensational high-yielding industrial investment opportunity at 33-37 Dalrymple Road Garbutt QLD 4814. Underpinned by a 3-year net lease with further 3-years options extending the lease to 2030 to a National Tenant. With an asking price of originally $3,175,000 (6.7%), this property offers impressive value, potential, highly exposed location and a sensational facility on 3,192 m2 of strategically positioned Medium Impact Industry freehold land. <br><br>Testament to the profile and strength of this tenancy and the location, this property is surrounded by several high-profile operators such as Spotless, KFC, Battery World, Tradelink, Aramex, Zambrero and many more. <br><br>Single-tenant investments positioned in high growth areas with net lease covenants via an established national tenants are rarely available on the market. Therefore, we encourage your strong consideration of this outstanding investment opportunity with 7% net return.
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<span style="color:rgb(51, 51, 51);">Townsville North Queensland, known as the Second Capital of Queensland, is a thriving precinct positioned strategically in North Queensland. It is well positioned among these five dynamic regions and is recognised as the central hub for business and investment. Land availability for business, living and leisure, abundant water, transport links to Asia-Pacific and Papua New Guinea, superfast communication technology such as the National Broadband Network (NBN) and a superb tropical lifestyle mean that the Region offers investment potential like no other.</span><br><br><span style="color:rgb(51, 51, 51);">Home to </span><span style="color:rgb(245, 127, 41);"><b>247,234 people</b></span><span style="color:rgb(51, 51, 51);">, Townsville North Queensland supports </span><span style="color:rgb(245, 127, 41);"><b>109,413 jobs</b></span><span style="color:rgb(51, 51, 51);"> and has an annual economic output of </span><span style="color:rgb(245, 127, 41);"><b>$43.768 billion</b></span>
Additional Location Information File<span style="color:rgb(51, 51, 51);"><b>4WD Supa Centre</b></span><br><br><span style="color:rgb(51, 51, 51);">Website: </span><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.4wdsupacentre.com.au/"><u>https://www.4wdsupacentre.com.au/</u></a><span style="color:rgb(51, 51, 51);"></span><br><br><span style="color:rgb(0, 0, 0);">4WD Supacentre is the home of Adventure Kings outdoor and 4WD products. 4WD Supacentre operates a network of retail stores around Australia as well as this website and a seven-day-a-week Australian-based call centre.</span><br>
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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;">Tenant's Name: 4WD Supa Centre</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;">Total NLA: 1,785 m2</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;">Lease Commencement - 01/07/2024 </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;">Lease Expiry - 30/06/2027 </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;">Options - 1 x 3 years </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;">Tenants Since: 2020</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;">Current Rental Income - $214,200pa net plus GST and outgoings </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;">Outgoings: 100% to be paid by the tenant including property management and land tax </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;">Annual Increases: 2.5%</span></p></li></ul>
Additional Financial Information FileInitial Term:
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Subject property: $120 Per Sqm 15 Camuglia Street Garbutt - 752sqm - $168/sqm 485 Woolcock Street Garbutt – 850sqm – $176/sqm 365 Woolcock Road Garbutt – 442sqm - $170/sqm 30 Civil Road Garbutt – 1030sqm - $228/sqm 125-131 Dalrymple Road Garbutt – 619sqm - $170/sqm 16 Hugh Ryan Drive, Garbutt – 458sqm - $164/sqm
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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;">Located within the inner Townsville industrial precinct </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;">Tenanted by a national tenant, 4WD Supa Centre</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;">Land Area - 3,192 sqm* </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;">Warehouse area - 1,600 sqm* </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;">Administration area - 185 sqm* </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;">Tilt panel concrete construction </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;">Concrete hardstand </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;">Fully fenced facility </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;">Central location to transport routes </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;">Fire sprinklers throughout the building </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;">Air conditioned warehouse </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;">Location: 3km* to The Strand - 4km* to Townsville CBD - 1km to* Townsville Airport </span></p></li></ul>
