Offers to purchase are invited for this tenanted commercial investment, 100% leased to one of North Queensland's leading used car dealerships, Wheelz and Wheelz Pty Ltd.
The 3,006 sqm freehold site is located on the southern approach to the Townsville CBD and enjoys a 135 metre frontage to a main arterial corridor.
Wheelz and Wheelz has occupied the site for 35 years and is one of North Queensland's longest standing and most consistently profitable used car dealerships.
The site is improved with a 335 sqm office and showroom building and a 220 sqm workshop and storage structure.
The property is subject to a 4 + 4 + 4 year lease as of 2021 at $165,000 per annum + GST with 100% of the outgoings payable by the Tenant.
Townsville is the largest city in Northern Australia and has one of the most diverse economies in the nation. A $4 billion pipeline of job-creating projects in areas such as transport, health, construction, mining and defence is driving an economic resurgence.
Motivated seller with very clear instructions to sell.
For sale via formal offers to purchase.
Please contact marketing agents Ray White Commercial Townsville.
For more details, please email agent