This quality investment property is being sold as a going concern. It has a with a 5 + 5 year lease in place. The current rent is $74,400 pa with longstanding well established business of Farmworld as your tenant.
A substantial rural investment property it is located in the service commercial precinct at Humpty Doo. The land of 1,930m2 is zoned service commercial.
The 2 storey building provides at ground level office / showroom facility. It is neatly presented and fully air conditioned. There is approximately 96m2 of showroom plus office, staff room and amenities.
To the rear of the showroom is 288m2 of warehouse featuring 4 roller doors on each side of the warehouse allowing for easy access and excellent ventilation. There is further storage of 75m2 at the rear of the warehouse. Above this store area is additional office and amenities, which makes for an excellent training room.
Up stairs, above the showroom, there is a fully equipped 2 bedroom flat with a breezeway verandah. The flat has ceramic tiled floors and is fully air conditioned.
The site is fully bitumised with attractive landscaping at the front. Boundaries are securely fenced.
The size of Humpty Doo is approximately 71.6 square kilometres. It has 5 parks covering nearly 1.1% of total area. The population of Humpty Doo in 2011 was 4,140 people. By 2016 the population was 4,382 showing a population growth of 5.8% in the area during that time. The predominant age group in Humpty Doo is 40-49 years. Households in Humpty Doo are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Humpty Doo work in a trades occupation. In 2011, 77.9% of the homes in Humpty Doo were owner-occupied compared with 77.2% in 2016.
Humpty Doo has 1,997 properties. Over the last 5 years, Houses in Humpty Doo have seen a 28.54% increase in median value, while Units have seen a -40.45% decrease. As at 30 September 2024:
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