8% Net Return

A net return of 8% per annum represents an excellent return on investment and is rare to find with such a long term lease in place. This excellent commercial property has been the business address for Goodyear Tyres Townsville for over 12 years now. The site has proven so successful that they have just signed a new lease that commences on the 1st of November 2004 and is 5 x 5 x 5 years in length.

 

THE SITE

 

The site is situated only 4 klms from the center of Townsville and has the much sought after dual street access. The Goodyear retail outlet is found facing Ingham rd with approximately 60 meters of busy main street frontage. The Goodyear Truck center is positioned with Gordon st frontage. This is the biggest Goodyear tyre center north of Brisbane and is the only one in Townsville. It is regarded as the hub of Goodyears North QLD operations. Total area of land is 4069 m2.

 

THE RETAIL OUTLET

 

The Goodyear retail outlet has experienced many successful years of trade in this current site. It is known as a ‘landmark’ site within the tyre industry and as such Goodyear appears to be keen to lease this property for a long time into the foreseeable future. There is 141 m2 of showroom, 351 m2 of tyre storage, 196 m2 for fitting bays and 362 m2 for service bays and other storage.

The showroom area is completely air conditioned and is presented in a professional manner so as to appeal to the general public.

 

THE TRUCK CENTER

 

The Goodyear Truck Center is found on the Gordon street side of the property. It is interconnect with the front retail outlet for general convenience. The street access is generous from Gordon street so as to enable large vehicle access. The Truck canopy and workshop bay is a high clearance structure and includes an office and toilet at ground level and staff amenities at upper mezzanine level.

The areas found here are the Truck Canopy and amenities 210 m2 and detached Ablutions 50 m2.   

 

RETURNS

 

The net rental return for this property is $124,882.93 per annum (ex gst).  

 

OVERVIEW

 

With a major national client, long term leasing history, long term new lease and 8% net returns, this property will not last long. Please phone the owner direct on 0427552718 for all further enquires regarding this quality commercial opportunity.