17 Hamill Street,
Garbutt, QLD 4814

Warehouse, Factory & Industrial • Offices

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Laboratory with National Tenant Returning 12.5% Net Plus

Returning more than 12.5% net
National Tenant - Symbio Laboratories
4 year lease expiring 2021 + 4 year opti

This mostly iron clad, steel framed office / warehouse of 342 m2 has been converted into a high quality laboratory for the Australian owned company Symbio Laboratories. The national tenant has recently passed the half way point of a 4 year term with expiry 31/03/2021 plus a 4 year renewal option thereafter.

The property is well located in Hamill St, Garbutt, just off Duckworth St with easy access onto major arterial road networks such as Ingham Rd, Woolcock St and the Bruce / Flinders Highways.

This well maintained asset currently returns more than $70,000 pa net which will provide a yield well in excess of 10% net and high returns will continue if the tenants renews with a ratchet clause included in the lease.

For further details or to arrange an inspection contact James Pascoe at Colliers.

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Garbutt, 4814 demographic data

The median household income for Garbutt is $1,082, 28% lower than Regional Queensland's household income of $1,507. Garbutt has an older age profile compared to the rest of Regional Queensland (median age 42 vs 41). Property ownership data shows 57% of property owners in Garbutt have a mortgage.

2,309

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$1,082 per week

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42 years

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