This investment was acquired in September 2020
The prominent warehouse was acquired to provide investors with reliable income & growth over the term of the investment.
This warehouse, with a lease to the Queensland government for this modern office warehouse facility 21-31 Markwell Place Mount St John (Townsville)The property is utilized for the storage and distribution of medical supplies throughout North Queensland and is located in an established industrial precinct and which adjoins other big name end users such as Allied Pickfords, Toll, Grace Removals and Direct Freight Express. The unique feature of this warehouse is that a large part of the warehouse is fully airconditioned. There is also full drive around B-Double access, with a large awning for wet weather.
Freehold and leasehold statics
The total site area is 9088 m2
Building lettable area 4422 m2
Tenant : The state of Queensland (Represented by the Dept of Works)
Leased term: Four years commencing 15th of August, 2020
Initial yield * 8.9% approx
Current Base Rent $552,750 per annum Net + GST
Purchase Price $6,200,000
Disclaimer:
All areas and figures are approximate only. All reasonable steps have been taken to ensure the accuracy of this information and this does not constitute any representation by us as agent and should be considered a guide only.
