Raine and Horne Commercial are pleased to present for sale this stand alone 30 unit storage complex in Garbutt.
36 Camuglia St is centrally located in Garbutt but minutes away from heavy industry of the Bohle or if needed 10-15 mins from Townsville's most populated suburbs.
The 30 storage units will suit a variety of users from the home owner needing a little extra space to a tradesperson looking for some workshop storage, competitively priced and partially tenanted the passive upside is all here. With capacity to return an income of approx $53,000 per annum and little overheads it is a smart investment.
Some key features :
• Partially tenanted producing income
• Little maintenance
• Storage available from 8m2 to 32m2
• Full drive though access
• Concrete hardstand all round
• Electronic entry and exit
• Securely fenced
• Central to most locations
Please contact Raine & Horne Commercial today for more information.
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:
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