199 Ingham Road, West End QLD

For Sale




199 Ingham Road comprises 3 freestanding structures on a 4,295 sqm site with two street frontage and drive through access.

The property is configured as 4 tenancies which are fully leased producing a net income of approximately $157,358 per annum + GST.

Tenant particulars:

Unit 1, 199 Ingham Road leased to Workways.
Area: 1,039 sqm
Lease expiry: 30/09/2020
Rental: $86,000 p.a. + GST
Workways is an Australian community-based organisation that provides employment, youth, disability and environmental services.

Unit 2, 199 Ingham Road leased to Pack & Send.
Area: 240 sqm
Lease expiry: 28/05/2022
Rental: $35,790 p.a. + GST
Pack & Send is a highly respected brand in the growing market of ecommerce logistics and parcel and freight delivery solutions.

Unit 3, 20 Montgomery Street leased to Feel Good Events & Party Hire.
Area: 637 sqm
Lease expiry: 1 year from settlement with 2 x 2 year options.
Rental: $57,330 p.a. + GST
Leased to Feel Good Events & Party Hire is Townsville's leading events and hire company.

Unit 4, 22 Montgomery Street leased to SOS Bombay Pty Ltd.
Area: 299 sqm
Lease expiry: 3 years from settlement.
Rental: $32,890 p.a. + GST
Leased for storage.

Ingham Road is a main arterial road linking the CBD with the business and industrial precincts of Townsville.

Price: $1,870,000

For more information or to arrange an inspection, please contact Ray White Commercial.