SOLD
Sold on 14 Jun 2024 for $1,750,000

241-243 Ingham Road
Garbutt QLD 4814

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1214m2
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Property Details for 241-243 Ingham Rd, Garbutt

Building Type
Commercial
Land Size
1214m2
Local Government
Townsville City
Lot/Plan
7/RP720174

Last Listing description (July 2024)

241-243 Ingham Road comprises a freestanding commercial building that was purpose-built in two stages as a hardware store.

Located on one of Townsville's most sought-after commercial thoroughfares, the property is in the heart of the Garbutt commercial precinct and offers easy access to the Townsville airport and CBD.

The property includes a combination of showroom, warehouse, and office space that can easily be configured as multiple tenancies.

Offered to the market for the first time since its construction, with vacant possession, key features include:

Land area: 1,214 sqm
Zoned: Low Impact Industry
High clearance masonry block construction
Ground floor showroom/warehouse area: 839 sqm
Mezzanine level offices & amenities: 160 sqm
13 on-site car spaces, including 4 lockable carports to the rear of the building
Fully air-conditioned
Self-contained first-floor office tenancy subject to a commercial lease producing $14,400 per annum + GST income
Ample free on-street parking along the entire front of the property

Additional features include:
60 KW solar system installed in April 2021
Multiple roller door access points
Automatic start 30KVA Onan diesel generator
NBN ready

This property has been maintained to a very high standard, including the following notable upgrades:
Roof and flashings upgraded in 2020
Roller doors replaced in 2019
Self-contained first-floor office tenancy completely refurbished in 2023
External repaint to the sides and rear of the buildings in 2023.
VOIP phone system with 7 handsets installed in 2024.

The property is ideal for an owner-occupier or investor looking for a quality property in a premium location.

For Sale via Offers to Purchase.
Offers to lease will also be considered.

Contact Ray White Commercial Townsville for more information or to arrange an inspection.

Property History for 241-243 Ingham Rd, Garbutt, QLD 4814

A timeline of how this property has performed in the market
Last Sold
$1,750,000
14 Jun 2024
Listed for Rent
$276/w
24 Aug 2023
  • 14 Jun 2024
    Sold for $1,750,000
  • 20 May 2024
    Listed for Sale Offers to purchase
  • 24 Aug 2023
    Listed for Rent $14,400 / year

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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 2,410 properties. Over the last 5 years, Houses in Garbutt have seen a 77.87% increase in median value, while Units have seen a 49.86% increase. As at 30 September 2024:

  • The median value for Houses in Garbutt is $490,525 while the median value for Units is $286,759.
  • Houses have a median rent of $470 while Units have a median rent of $363.
There are currently 16 properties listed for sale, and 29 properties listed for rent in Garbutt on OnTheHouse. According to CoreLogic's data, 138 properties were sold in the past 12 months in Garbutt.

Suburb Insights for Garbutt 4814

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Contact agent
Stacie Stockham
Show contact details
Troy Townsend
Show contact details
Ray White Commercial Townsville
Preferred contact:
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.