The entire investment portfolio is being offered for sale either in one line or two separate portfolios as detailed below.
* 87 tenancies configured as office/showroom/warehouse units
* 2 complexes over multiple titles (Portfolio 1 & 2)
* Diverse income streams with low vacancy rate
* Building area: 13,413sq.m*
* Land area: 29,750sq.m*
* Returning $1,023,565 pa net plus GST* (Combined portfolios)
178-186 Hugh Street & 8 Bain Street
* 14 Units with combined building area of 4,058sqm*
* Land area: 8,650sq.m*
* Current net income: $278,213 pa plus GST*
58-62 Keane Street & 106 Dalrymple Road
* 73 Units with combined building area of 9,355sq.m*
* Land area: 2.11ha*
* Current net income: $745,352 pa plus GST*
The properties are being sold via a formal offers to purchase campaign.
Portfolio 1: Price Guide of over $5,000,000
Portfolio 2: Price Guide of over $10,000,000
For the full sale details or to arrange an inspection, please contact Shaun McLaren or Neville Smith at Colliers Townsville or Adrian Pascoe or Troy Townsend at Ray White Commercial.
^ Outlines / markups indicative only
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