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Colliers - Townsville

17 Hamill Street Garbutt, QLD 4814

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17 Hamill Street,
Garbutt, QLD 4814

Warehouse, Factory & Industrial • Offices

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$500,000

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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 International.

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Property ID: 503286238Last Updated: 20 Mar 2020

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Colliers - Townsville
17 Hamill Street
Garbutt, QLD 4814

Colliers - Townsville

Level 1, 42 Sturt Street
TOWNSVILLE CITY, QLD 4810

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Colliers - Townsville
Colliers - Townsville
Level 1, 42 Sturt Street
TOWNSVILLE CITY, QLD 4810
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