Freestanding Industrial Investment with long term tenant
- Building: 600m²
Townsville is seeing massive capital spend with seventy four major projects with a value of $5.07 billion are under construction across the Townsville region, with another 51 projects valued at $8.52 billion due to start within two years. Now is the time to secure
198 North Vickers Road represents a remarkable investment opportunity with excellent rental income and high returns with the security of Townsville's most well known glass and aluminium company. Twin Cities Glass & Aluminium is a locally owned and operated business that has been servicing Townsville and surrounding districts for over 22 years. Occupying the premises since 2001 and currently two years into a new a 5+5+5 at $112,000 per annum with yearly increases of 4% fixed.
The 1,600m2 site is improved with a 600m2 masonry block constructed building configured to provide a 96m2 showroom/ reception area, 130m2 of office's plus amenities and one of two kitchenette, all down stairs. The building has a 120m2 Mezzanine area plus an adjoining boardroom, office and second kitchenette on the second level. The rest of the internal space is utilized for production and material storage. Outside is completely concreted hardstand with various bulk storage areas and a massive steel 175m2 covered work area.
Combining a quality industrial facility, Long tern tenant and the high exposure of a rapidly growing area its an investment.
Medium Impact Industry
Industrial/Warehouse, Showrooms/Bulky Goods