8 Parkside Drive,
Condon, QLD 4815

Warehouse, Factory & Industrial • Other

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Map of 8 Parkside Drive

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Freestanding self storage compound with strong occupancy

Net income: $131,592 per annum
Upside via 14 vacant units
Fully managed with little owner work

This well established self storage facility is available for immediate sale. The complex is ideally location close to Lavarack Army base, James Cook University, and an enormous residential catchment area including Condon, Kirwan, Rasmussen, Kelso and Douglas.

Features include:

• Land area: 2,589 sqm
• 48 shed-style storage units
• 15 new container storage units - installed in December 2022
• 14 vacant sheds allowing for significant upside once leased
• Net income: $131,592 per annum
• Floor area sheds: 783 sqm
• Floor area containers: 208 sqm
• Hardstand secure yard leased to separate tenant
• Land area hardstand lease: 670 sqm
• Built in 1997
• Strong occupancy

For Sale via offers to purchase.

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Condon, 4815 demographic data

The median household income for Condon is $1,336, 11% lower than Regional Queensland's household income of $1,507. Condon has a younger age profile compared to the rest of Regional Queensland (median age 39 vs 41). Property ownership data shows 45% of property owners in Condon have a mortgage.

5,894

Population

$1,336 per week

Median household income

39 years

Median age

Owners

Most residents

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Most households