Townsville Development – Warehouse Syndicate leased to Qld Government fills in record time
Our investors have pretty straight forward goals. They want investments which produces a stable monthly income and have capital security.
Our clients have gone along way to answering that with a lease to the Queensland government for this modern office warehouse facility 21-31 Markwell Place Mount St John (Townsville)
The property is leased to the state government of Queensland and 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.
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
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.
For more information on Townsville development, get in contact with Rob today.