Ray White Commercial is offering for sale by expressions of interest, 43 Dalrymple Road, Garbutt QLD 4814.The subject property comprises a multi tenanted commercial building currently configured as professional office space,currently being 100% leased to Abilities NQ (NDIS provider) with a lease till mid 2027 and 2x 5 year options available. The well presented property comprises a 3,720m2 site and is improved with 1,564m2 of professional office space with ample onsite covered and open car parks. The site features a high profile corner location with drive through capability and close proximity to major local government and ergon service providers.The subject building features 2 separate tenancies, that allows for flexibility for future leasing options. The building offers ducted air-conditioning, male, female and disabled amenities & internal and external lunch areas. The lease represents an outstanding opportunity for the astute property investor. Current gross rental: $291,747.50 pa gross plus GST ($188m2).Outgoings: $53,958.24 pa approx.Net return: $237,789.26 pa net plus GST (approx.)The property is being offered for sale by offers to purchase.Contact Ray White Commercial Townsville today for further 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 2,416 properties. Over the last 5 years, Houses in Garbutt have seen a 74.56% increase in median value, while Units have seen a 55.81% increase. As at 31 August 2024:
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