Prime Exposure with Holding Income - Suit Investors and Owner Occupiers (Listing ID:239)
Address: 20 WARBURTON STREET
City: North Ward
Post Code: 4810
Floor Area (m2): 400
Land size (m2): 1477
Full Description: This well known commercial property in highly sought after North Ward enjoys terrific exposure on Warburton Street, the major arterial connection to the Townsville CBD from the north and central parts of town. With major projects underway in and close to the CBD this part of town has been pinpointed as the one of the suburbs with the highest growth potential.
The property comprises two detached commercial buildings with a combined building area of 400 m2 on a huge 1,477 m2 site with extra wide frontage. The modern front office building is approximately 100m2, solidly constructed of masonry block with reception, office areas, staff room with kitchenette and male and female amenities. It could accommodate two separate businesses comfortably with separate entrances or if it is a home based business you operate the current layout would be perfect for habitation as well. The property is being sold with vacant possession of the front buliding available so this could be the opportunity you have been waiting for to relocate your business to a fabulous new address.
The rear building is approximately 210 m2, solidly constructed of masonry block and houses a huge open plan commercial kitchen, 2 storerooms, staff room, male and female amenities, preparation room, laundry and multiple freezers and cold rooms. Meals on Wheels operated from this address for many years and it is currently the home to Absolute Cravings so there is already some holding income.
Both buildings are connected by a high bay awning (90 sqm) of metal deck construction. Ancillary improvements include 2 x driveways, boundary fencing, established landscaping, concrete hard stand and grassed yard area.
There is also scope to develop the site with residential units over multiple storeys with council approval if it is a future inner CBD development site you are looking for.
To enquire about this unique property or to arrange a viewing, please call exclusive Agent Greg Banks anytime.
MID TO HIGH $500's..OFFERS CONSIDERED