14 - 16 Hills Street,
Garbutt, QLD 4814

Colliers International is pleased to offer to the market these modern industrial facilities, improved with three warehouse tenancies providing long term rental returns from quality national tenants..

Warehouse 1 at 14 Hills St is leased to Samios Plumbing Supplies on a new 5 + 5 year lease commencing January 2018. The 977 m2 showroom / warehouse has just been fitted with a brand new showroom for both the retail and trade components of the business. The warehouse is clear span with minimum 6m clearance and the major extension was completed in 2015. Additional bays can easily be added to this warehouse future proofing tenant expansion requirements.

Warehouse 2 at 14 Hills St is leased to ITW Buildex on a 3 + 3 + 3 year lease which commenced October 2017 however have occupied the property since its construction in 2006. With a total area of 1,498 m2 the building provides a minimum 8m clearance and includes 183 m2 of office, showroom and amenities.

Warehouse 3 sits on a separate title at 16 Hills St and is also leased to a quality national tenant on 5 + 5 + 5 year lease which commences March / April 2018. With a total building area of 1425 m2 it provides minimum 7m clearance and includes 225 m2 of office, showroom and amenities. The property sits on a 6,957 m2 parcel mostly concreted apart from rear yard and boasts electric fencing, fire sprinklers and rear yard storage area.

Both titles combined provide dual access points and a total site area of more than 1.8 hectares and are capable of B double access without turning around on site.

With a combined net income of more than $430,000 pa from national tenants and a yield on offer of 8% net or better, this impressive industrial investment will sell fast.

For sale as individual titles or in one line.

For more information, please don't hesitate contact:

James Pascoe & Todd Walsh
Senior Executives, Colliers International Townsville