Industrial | Rural

Lot 2, 77 Warwick Street, Bowen is being offered for Sale via Expressions of Interest Under Instructions from Grant Thornton as Appointed Agents for the Mortgagee in Possession.

Expressions of Interest closing Friday 19th November 2021 at 4pm.

Ray White Commercial Townsville are pleased to offer this 23.53 ha* site with potential to be utilised for irrigated small crops. The site has additional improvements of three industrial warehouses comprising of 4,074 m2*. Positioned 7km's* from Bowen's CBD the property is located 1.6 kms* from the Bruce Highway A1 and is in Bowen's cropping heartland which is predominantly tomato, corn, beans, melons and mangoes. The farming area on the site is 18.6842 ha* and has multiple registered sub artesian bores on-site with the irrigation pump in centre of the levelled paddock.

The buildings comprise a main warehouse building of 1,804 m2*, sprayfoam insulated shed of 912 m2* and a low clearance skillion packing area of 808 m2*. Warehouse 1 is the largest of the warehouses with 3,524m2* of variable height storage. The facility offers 3 phase power, small internal offices and staff amenities along with loading docks and distribution areas for heavy vehicle access movement. Warehouse 2 is a 490 m2* high clearance warehouse with no internal offices or amenities. The last warehouse facility consists of a 60 m2 * low clearance shed that is currently utilised for machinery storage.

Current Tenancy:

Visy Board Pty Ltd is the current tenant of the buildings on the Property. The tenant is currently paying $331,057.16 + GST p.a. further details of the terms of the tenancy can be provided to interested parties who have signed a confidentiality deed, a copy of which can be obtained from the agent.

The opportunity exists for either an owner occupier to expand their farming operations or to lease the farming area of the land for multiple income streams.