 Asset Class: | Industrial |
 Price: | $ 2500000 |
 Net Yield: | 6.86 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
This exceptional commercial property presents a great opportunity to acquire a premium industrial investment with an established tenant covenant. <br><br>This massive corner complex is featuring a 1,130 m2 of net lettable area situated atop of large 8,094 m2 of site boasting strong exposure and large frontage with close proximity to Port Access Road and major heavy vehicle transport routes.<br><br>This investment offers investors the opportunity to secure a well presented and strong performing asset with an established tenant. Don't miss the chance to capitalise on this industrial investment opportunity to purchase a tenanted investment with great returns and a solid lease.
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?
Queensland’s largest regional city, and 4th largest overall, Townsville is a growing city located in North Queensland, with an estimated population of 200,000 people as of April 2022.<br> <br>The city offers a vibrant lifestyle with a population estimated to reach over 314,000 by 2036 in addition to a significant annual tourism influx, which generated over $520m in value added benefits for 2019/20.<br> <br>Townsville has a diverse and developed economic profile with its annual regional output of $34.3 billion account for 4.6% of the total Queensland output. This economic performance is underwritten by strong defence, health care and construction industries, with further industries including education, manufacturing and finance strengthening the economic diversity of the region.<br> <br>Townsville’s future growth has been further secured through the ongoing Townsville City Deal. A 15-year commitment between federal, state and local governments first signed in December 2016, the City Deal aims to support a prosperous economic future for Townsville and position the city as a vibrant, liveable and innovative place to live.
Additional Location Information File<span style="color:rgb(0, 29, 53);"><b>Western Bulk Haulage</b></span><br><br><span style="color:rgb(5, 5, 5);">Based in Townsville, we are a trusted leader in Petroleum Product and Bulk Liquid Haulage across Queensland, Northern Territory, and Western Australia. Western Bulk Haulage is committed to excellence in service and safety.</span><br><br><span style="color:rgb(0, 29, 53);"><b>Website: </b></span><a style="display:inline;" target="_blank" href="https://www.facebook.com/people/Western-Bulk-Haulage/61561913470322/"><u>Western Bulk Haulage | Townsville QLD | Facebook</u></a><span></span>
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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);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Tenant's Name: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Western Bulk Haulage</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-style:normal;"><b>Lease Start Date: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">01-04-2025</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-style:normal;"><b>Lease End Date:</b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;"> 30-06-2033</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-style:normal;"><b>Further Options: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">2 x 5 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-style:normal;"><b>Annual Increases:</b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;"> CPI</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-style:normal;"><b>Net Income: </b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">$171,600</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-style:normal;"><b>Outgoings:</b></span><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;"> 100% to be paid by the tenant </span></p></li></ul><br><p style=""><span style="font-weight:normal;">Please note the property is in 1 in 100 year flood overlay which we have checked with the selling side, they said the property has never been inundated by flood water - As per the interactive mapping from the council you can tell it's not the building side that gets wet its the land area in a case of that rare event. </span></p>
Additional Financial Information FileInitial Term:
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Security Info:
Subject property: $151 Per Sqm 485 Woolcock St, Garbutt - leased for $160k net plus GST pa ($188 sqm net including 6500sqm yard) 15 Catalyst Ct, Mount Louisa - leased for $75k net plus GST pa ($150sqm net including 2034sqm yard)
Offer To Purchase:
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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;">Industrial freehold property with an established 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;">Large site of 8,094 m2</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);font-weight:normal;font-style:normal;">Building 1: 725sqm* fully refurbished warehouse with attached offices and amenities and 180sqm* of standalone open workshop</span></p></li><li style="list-style-image:none;color:rgb(44, 46, 51);"><p style="display:inline;"><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);font-weight:normal;font-style:normal;">Building 2: 225sqm* warehouse and office and Completely refurbished with high quality amenities and a Secure yard</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);font-weight:normal;font-style:normal;">Upgraded transformer providing ample 3-phase electrification</span></p></li><li style="list-style-image:none;color:rgb(44, 46, 51);"><p style="display:inline;"><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);font-weight:normal;font-style:normal;">Fully fenced land site</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);font-weight:normal;font-style:normal;">Zoned "Medium Impact Industry"</span></p></li><li style="list-style-image:none;color:rgb(44, 46, 51);"><p style="display:inline;"><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);font-weight:normal;font-style:normal;">Leased until 30-06-2033 with further 2 x 5 options to 2043</span></p></li><li style="list-style-image:none;color:rgb(44, 46, 51);"><p style="display:inline;"><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);font-weight:normal;font-style:normal;">Annual increases of CPI </span></p></li><li style="list-style-image:none;color:rgb(44, 46, 51);"><p style="display:inline;"><span style="color:rgb(44, 46, 51);background-color:rgb(250, 250, 251);font-weight:normal;font-style:normal;">100% of the outgoings to be paid by the tenant including property management and land tax </span></p></li></ul>
