172 Hugh Street,
Currajong, QLD 4812
Warehouse, Factory & Industrial
Price information
Sale
$1,250,000
Key property information
Land area
Floor area
Car spaces
Parking info
Zoning
Tenure type
Private inspections
to arrange a private inspection.
Map of 172 Hugh Street
Two standalone high profile workshops
- 2 x workshops of 355 sqm
- New 5 year lease to Fast Fit Exhaust
- Second workshop on periodic lease
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.
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.
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Additional information
External websites
Property ID: 504485912Last Updated: 9 Apr 2024
172 Hugh Street
Currajong, QLD 4812
RWC - TownsvilleLevel 1, 41-51 Sturt Street
TOWNSVILLE CITY, QLD 4810
TOWNSVILLE CITY, QLD 4810
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