14 Hills Street,
Garbutt, QLD 4814

Colliers International is pleased to offer to the market this modern industrial complex, improved with dual warehouse tenancies providing very secure returns from national tenants ITW Buildex & Samios Plumbing Supplies.

Warehouse 1 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 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 building area of 1,498 m2 the building provides a minimum 8m clearance and includes 183 m2 of office and amenities.

With a combined net income of more than $280,000 pa from national tenants and a yield on offer of 8% net, this impressive industrial complex will sell fast.

For more information, please don't hesitate contact:

James Pascoe & Todd Walsh
Senior Executives, Colliers International Townsville