Townsville is the largest city in Northern Australia and has one of the most diverse regional economies in the nation. A $4 billion pipeline of job-creating projects in areas such as transport, health, construction, mining, and defence is driving unprecedented demand for industrial properties in the region.
The location is bolstered by infrastructure spending with the Port of Townsville recently commencing a $232m channel widening. Existing industry in the area include sun Metals Zinc Refinery, Pacific National Rail Terminal, Glencore Xstrata Copper Refinery and Aurizon Stuart Intermodal facility.
This low site covered property offers great access for heavy with two separate gates into/out of the site. These well laid out improvements suit heavy mechanical, construction, and transport style users ideally. With minimal properties of this calibre available in a thriving industrial market, it received immediate attention from interested tenants and very quickly a new long-term lease was secured at $85,000 pa net plus GST for 5 + 5 years commencing 1st July 2023.
This tenanted investment boasts annual increments capped and collared at 3% – 6% and fair market review at the option. The new tenant’s business is focused on the construction, equipment and mechanical services industry and have experienced considerable growth over the past few years.
The new long-term home of RP Contracting Services, with considerable tenant improvements to the property underway. This should remain highly sort after for a range of industrial users not limited to transport, warehousing, mechanical, manufacturing, and various trades.
– Net Return $85,000 per annum
– 2,784 sqm parcel with 111m*frontage
– Zoned medium impact industry
– Boasting heavy vehicle B double access
– 93 sqm office, reception and amenities
– 448 sqm clear span workshop
– 90 sqm covered wash down facility
– 631 sqm of total building area
– Less than 23% site coverage
– Steel portal frame and iron clad construction with attached masonry brick office structure
– Fully fenced with concrete and compacted hardstand
The quality of this property alone, the location in the southwestern industrial growth corridor, the strength of this successful tenant offering strong guarantees and security will provide any investor with the confidence they demand to include this property into their portfolio immediately.
For more information, please contact exclusive marketing agents at Pascoe Commercial.
