FOR SALE
$160,000 (no GST applicable)

Lot 301/399 Woolcock Street
Garbutt QLD 4814

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 185m2
Land area: 185m2
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Tenanted Investment In Secure Storage Complex

Lot 301 is located at the National Storage complex on Woolcock Street.
For sale: $160,000 (no GST applicable).
• 7% net yield
This lot consists of 15 storage units;
• 5 x 18sqm ground floor units
• 10 x 10sqm first floor units
The complex has an automated security and elevators through for easy access to the storage units.
14 of the 15 storage units are currently tenanted and generate $20,039.40 p.a. gross.
Currently managed by a local agent, these storage units require very little work for any potential owners.
For more information please contact Ray White Commercial Townsville.

Property Details for Lot 301/399 Woolcock St, Garbutt

Building Type
Commercial
Floor Size
185m2
Land Size
185m2

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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 2,421 properties. Over the last 5 years, Houses in Garbutt have seen a 87.92% increase in median value, while Units have seen a 67.41% increase. As at 30 November 2024:

  • The median value for Houses in Garbutt is $522,579 while the median value for Units is $318,264.
  • Houses have a median rent of $473 while Units have a median rent of $365.
There are currently 15 properties listed for sale, and 32 properties listed for rent in Garbutt on OnTheHouse. According to CoreLogic's data, 141 properties were sold in the past 12 months in Garbutt.

Suburb Insights for Garbutt 4814

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Taz Townsend
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Troy Townsend
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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.