FOR SALE
$1,500,000

2/3 Ramsay Street
Garbutt QLD 4814

Bedrooms: -
Bathrooms: -
Car spaces: 36
Floor area: 1295m2
Land area: 1346m2
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Substantial Garbutt office complex

This substantial multi-tenancy office complex is located within the Garbutt industrial precinct, just off Ingham Road and 1.7 kilometres from the Townsville Airport.
The property is Lot 2 within the 3 Ramsay Street group title plan and features:
• Building area: 1,295 sqm over two levels
• Currently configured as 3 self-contained tenancies
• Ability to configure as 5 tenancies or more
• 36 allocated on-site car spaces
• Total site area of 3,278 sqm with drive-around access
• Holding income via one commercial lease over 354 sqm at $46,200 per annum, including GST
• Solid concrete construction
• Extensive refurbishment works completed by the current owner
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Property Details for 2/3 Ramsay St, Garbutt

Building Type
Commercial
Floor Size
1295m2
Land Size
1346m2

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About Garbutt 4814

The size of Garbutt is approximately 12 square kilometres. It has 6 parks covering nearly 1.3% of total area. The population of Garbutt in 2011 was 2,482 people. By 2016 the population was 2,425 showing a population decline of 2.3% in the area during that time. The predominant age group in Garbutt is 20-29 years. Households in Garbutt are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Garbutt work in a trades occupation. In 2011, 37.8% of the homes in Garbutt were owner-occupied compared with 37.5% in 2016.

Garbutt has 2,414 properties. Over the last 5 years, Houses in Garbutt have seen a 67.08% increase in median value, while Units have seen a 51.59% increase. As at 31 July 2024:

  • The median value for Houses in Garbutt is $462,991 while the median value for Units is $252,888.
  • Houses have a median rent of $465 while Units have a median rent of $360.
There are currently 16 properties listed for sale, and 27 properties listed for rent in Garbutt on OnTheHouse. According to CoreLogic's data, 131 properties were sold in the past 12 months in Garbutt.

Suburb Insights for Garbutt 4814

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Troy Townsend
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Stacie Stockham
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Ray White Commercial Townsville
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.