|Property ID: 5958||Floor Area: 1160 m²||Land Area: 5411 m²|
|Car Parks: 20||Post Updated: 2022-03-24 00:04:39|
Multi-Tenanted Investment Opportunity – 3 Tenants and Separate Premises – 8% Net Yield
Located only 8km to the east of Toowoomba and situated on the Warrego Highway towards Brisbane, 4 O’Neils Road in Withcott provides a highly exposed and diverse investment opportunity with all 3 leases secured for the next 3 years!
The large 5,411m2 allotment is improved by multiple premises with an approx. net lettable area of 1,160m2. Currently occupied by Realway Real Estate Agents, Brightview Glass and Aussie Outdoor Sheds and Patios with plenty of onsite parking for customers and tenants.
The property also features:
– 3 Phase power – each tenancy has their own power meter
– 10,000 gallon underground water tank
– NBN to site
Withcott is an area of growth with the house price value index increasing 17.3% over the past 12 months with house and land at a premium due to people moving to the area for work and lifestyle. Multiple projects such as the Inland Rail, 2032 Olympic Games and Lockyer Valley Cannery, amongst other projects are also contributing to the influx to the area.
With a gross annual income of $157,863.64 + GST and the outgoings estimated at $11,687.89, the property returns and incredible $146,175.75 net annual income equating to a 8% net yield.
4 O’Neils Road is situated opposite the latest 41 lot residential subdivision with 30% already sold. With incredible exposure, potential for future enhancements and a solid income already in place, this multi-tenanted property is one you must seriously consider.
- Properties Qty: 151
- Company: DC Commercial
With over 25 years experience in his own business, Drew Camm has a wealth of knowledge and experience both in business and negotiating. With a vibrant personality, Drew has established DC Commercial, building the business to focus on being innovative, dynamic and providing excellent customer service.
- 0432 055 250