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1 Acre in Garbutt, Two Street Access, Holding Income, Multiple Tenanted Investment, Suite Owner Occupier and Lease Other TenanciesProperty ID 1504192For Sale is 34 Pilkington Street Garbutt.
Situated close to the Townsville Airport, Major arterial roads and centrally located in Townsville, rarely does a large parcel of land come to the market in this area.
Total land area is 4047m2 with two lots back to back, Lot 1 1987m2 & Lot 2 2060m2.
This site has access from both Pilkington Street and Woolcock Street with a drive thru yard suitable for heavy vehicles. The yard is full hardstand and secured via gates.
Lot 1 consists of a shed and office building of 626m2 split into three tenancies. All tenancies are fully leased returning approximately $60,000 p.a. This building has frontage to Pilkington Street.
Lot 2 consists of a stand alone shed of 383m2. This is currently for lease for 48,000p.a. This shed has frontage to Woolcock Street.
With holding income this site could be a future development site (STCA). Site coverage is 25%.
To arrange an inspection contact Ray White Commercial.
Key Information Tenancy Status Currently Vacant Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease. It is not a valuation.