10 Southwood RoadStuart QLD 4811
Property Details for 10 Southwood Rd, Stuart
Last Listing description (September 2023)
Townsville is the largest city in Northern Australia and has one of the most diverse regional economies in the nation. A $4 billion pipeline of job-creating projects in areas such as transport, health, construction, mining, and defence is driving unprecedented demand for industrial properties in the region.
The location is bolstered by infrastructure spending with the Port of Townsville recently commencing a $232m channel widening. Existing industry in the area include sun Metals Zinc Refinery, Pacific National Rail Terminal, Glencore Xstrata Copper Refinery and Aurizon Stuart Intermodal facility.
This low site covered property offers great access for heavy with two separate gates into/out of the site. These well laid out improvements suit heavy mechanical, construction, and transport style users ideally. With minimal properties of this calibre available in a thriving industrial market, it received immediate attention from interested tenants and very quickly a new long-term lease was secured at $85,000 pa net plus GST for 5 + 5 years commencing 1st July 2023.
This tenanted investment boasts annual increments capped and collared at 3% - 6% and fair market review at the option. The new tenant's business is focused on the construction, equipment and mechanical services industry and have experienced considerable growth over the past few years.
The new long-term home of RP Contracting Services, with considerable tenant improvements to the property underway. This should remain highly sort after for a range of industrial users not limited to transport, warehousing, mechanical, manufacturing, and various trades.
- Net Return $85,000 per annum
- 2,784 sqm parcel with 111m*frontage
- Zoned medium impact industry
- Boasting heavy vehicle B double access
- 93 sqm office, reception and amenities
- 448 sqm clear span workshop
- 90 sqm covered wash down facility
- 631 sqm of total building area
- Less than 23% site coverage
- Steel portal frame and iron clad construction with attached masonry brick office structure
- Fully fenced with concrete and compacted hardstand
The quality of this property alone, the location in the southwestern industrial growth corridor, the strength of this successful tenant offering strong guarantees and security will provide any investor with the confidence they demand to include this property into their portfolio immediately.
For more information, please contact exclusive marketing agents at Pascoe Commercial.
Property History for 10 Southwood Rd, Stuart, QLD 4811
- 11 Aug 2023Sold for $1,240,000
- 30 Mar 2023Listed for Sale UNDER OFFER
- 30 Mar 2023Listed for Rent - Price not available
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About Stuart 4811
The size of Stuart is approximately 53.3 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Stuart in 2011 was 1,050 people. By 2016 the population was 1,396 showing a population growth of 33.0% in the area during that time. The predominant age group in Stuart is 20-29 years. Households in Stuart are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Stuart work in a machinery operators and drivers occupation. In 2011, 65.5% of the homes in Stuart were owner-occupied compared with 70.3% in 2016.
Stuart has 383 properties. Over the last 5 years, Houses in Stuart have seen a 90.18% increase in median value, while Units have seen a 91.26% increase. As at 31 October 2024:
- The median value for Houses in Stuart is $429,822 while the median value for Units is $428,859.
- Houses have a median rent of $345.
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