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    • About this property
    • Explore Pittsworth
    • Storage Sheds - 2 Titles

      Property ID 1538760
      GOLF COURSE ROAD STORAGE SHEDS
      2034 SQ METRE ALLOTMENT

      TOTAL OF 43 SHEDS
      11 X 3metre x 3metre RENTED @ $75/month AS OF 1 JULY 2016
      32 X 6metre X 3metre RENTED @ $125/month AS OF 1 JULY 2016

      DETAILS Located on the Tummaville Road, built in 2 stages, 1st stage built in 2005. Security fencing + security cameras + disability toilet. Concrete driveway plus concrete entry to each shed. Very neat and tidy, easy maintenance property.

      INCOME 2015 - 2016
      GROSS INCOME 2015-2016 $51,056.34
      LESS MANAGEMENT FEES $ 4,197.00
      RATES/YEAR 2015 $ 2,220.02
      INSURANCE $ 1,704.00
      POWER $ 487.00
      NETT INCOME $42,448.32
      VACANCY RATE 2015-2016 = 7%

      INCOME 2014 2015
      GROSS INCOME 2014-2015 $49,757.75
      LESS MANAGEMENT FEES $ 4,152.93
      RATES/YEAR 2014 $ 2,220.02 includes water
      INSURANCE $ 2,360.00 includes Grevillea Street Shed Site
      POWER 25/6-23-6/15 $ 497.27
      NETT INCOME $40,527.53

      VACANCY RATE 2014-2015 = 6.8%

      SALE: $675,000 INDIVIDUALLY NO GST APPLICABLE


      GREVILLEA STREET STORAGE SHEDS
      1621 SQ METRES

      NO. STORAGE SHEDS 8 x 6metres x 3metres RENTED @ $125/month AS OF 1 JULY 2016

      DETAILS: Located in the hub of the industrial estate of Pittsworth. Security fencing, entry gates on either side of the frontage. Concrete driveways. Securely fenced Additional area available to increase the number of sheds available, which is currently used and leased to a neighbouring business.

      INCOME 2015 - 2016
      GROSS INCOME 2015-2016 $10615.99
      LESS MANAGEMENT FEES $ 876.01
      RATES/YEAR $ 1421.76
      INSURANCE $ 340.00
      NETT INCOME $ 7978.13

      VACANCY RATE 2015-2016 = 10%

      INCOME 2014-2015
      GROSS INCOME 2015-2016 $9470.80
      LESS MANAGEMENT FEES $ 781.27
      RATES/YEAR $1415.80
      INSURANCE $ COMBINED WITH GOLF COURSE
      NETT INCOME $7273.73
      VACANCY RATE 2014-2015 = 20%


      Additional income Generated from the area behind the sheds currently rented and accessible to Qld Water Engineering.
      As of 1 May 2016 @ $104.04 / month expiring July 2017

      SALE: $185,000 NO GST APPLICABLE
      COMMENTS: IF SOLD AS A WHOLE $800,000 NO GST
    This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.