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Multi tenancy Industrial property - 11% net return

14 Aitken Street, AITKENVALE QLD, 4814

For Sale

Property for Sale in 14 Aitken Street, AITKENVALE QLD, 4814

Listing ID:
11356545
Status:
Active
For:
Sale
Price:
$650,000
Last Updated:
26/08/2019
Icon building

Property Type

Industrial/Warehouse/Showrooms/Bulky Goods
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Land Area

1571 SQM
Icon size

Floor Area

1000 SQM
Icon parking

Parking

10

Multi tenancy Industrial property - 11% net return

14 Aitken Street includes a freestanding 1,000 sqm warehouse configured as two tenancies of 400 and 600 sqm. North Queensland Warriors Cheerleading occupy the 400 sqm tenancy on a 1 + 1 year lease paying $35,000 per year + GST. Elite Trade Supplies occupy the 600 sqm tenancy on a 1 + 1 year lease paying $54,000 per year plus GST.

Net rental income: $71,364.92 (approx.).

The 1,571 sqm corner site offers 10 on site car spaces.

For more information, contact Ray White Commercial.

For more details, please email agent


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Ray White Commercial Townsville

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