172 Hugh Street, Currajong, QLD 4812

Industrial

For Sale $1,250,000

  • Property ID: 439773
  • Floor Area: 710m²
  • Land Area: 1083m²
  • Occupancy: Vacant
Two standalone high profile workshops

These two high-profile workshops are located at the corner of Hugh and Keane Streets in the centrally located Industrial precinct of Currajong.

Features include:
• Land area 1,083 sqm
• Zoned Low Impact Industry
• Two self-contained, free-standing workshops with offices and amenities
• Current gross income of approximately $95,321 p.a. + GST
• Outgoings of approximately $20,000 p.a. (payable by the Lessor)
• New 98KW Solar system generating an additional $8,000 in annual profit for the owner

Workshop 1
• Tenanted by Fast Fit Exhaust since 1980
• New 5 + 5-year lease as of 1 January 2024
• Rental: $55,000 p.a. + GST with annual CPI / 4% increases
• 355 sqm floor area
• Corner position
• Includes small showroom/office area
• The balance area is a workshop

Workshop 2
• Tenanted by Townsville Signs
• Periodic lease with the ability to negotiate a new lease with the tenant or owner occupy
• Rental $40,321 p.a. + GST which is considered below market
• 355 sqm floor area
• Main road position with fantastic signage opportunities
• Includes air-conditioned office and sign production area
• Modern masonry block, steel roof construction

Sale: $1,250,000 (going concern, no GST)

Please contact RWC Townsville for more information or to arrange an inspection.

Currajong Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $155 ---
Industrial $1633 $138 8.44%
Retail --- $1304 ---
This is the average advertised price, rent and yield for Currajong, QLD 4812*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in QLD for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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