23 Molloy StreetTorrington QLD 4350
Property Details for 23 Molloy St, Torrington
Last Listing description (October 2022)
23 Molloy Street presents an investment opportunity to acquire an industrial facility in Toowoomba's prime industrial estate of Torrington. Currently occupied by PBS Specialty Coatings Pty Ltd on a three year lease expiring March 2020 with further 3 x 3 year options offering a solid investment opportunity in a great location.
- The industrial facility is improved with three industrial warehouses on a fully fenced 5,574m2* allotment.
- Warehouse One offering a total floor area of 1,200m2* including office/reception area, staff amenities and an attached warehouse.
- Warehouse Two currently used as a 'glassing shed' with a total floor area of 330m2*.
- Warehouse Three currently used a spray painting booth with a total floor area of 550m2*.
- Extensive concrete hardstand and gravel hardstand allowing for ample onsite parking and marshaling of heavy transport vehicles.
- The property is currently tenanted by PBS Specialty Coatings Pty Ltd (ACN 617 052 249) on a 3 year lease commencing 9 March 2017 with further 3 x 3 year options.
- Current Net Income of $190,000.00pa Net + GST + Outgoings.
- Located only twenty minutes from Toowoomba's CBD in a thriving industrial estate surrounded by quality businesses.
- Freehold for sale only.
For further information please contact Chris Stewart on 0451 948 001 or Julie Stewart on 0418 700 140.
Approx*.
Property History for 23 Molloy St, Torrington, QLD 4350
- 14 Dec 2023Sold for $3,500,000
- 21 Jun 2019Sold for $1,550,000
- 20 Sep 2017Listed for Sale Price on Application
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0About Torrington 4350
The size of Torrington is approximately 7.8 square kilometres. It has 3 parks covering nearly 1.2% of total area. The population of Torrington in 2011 was 879 people. By 2016 the population was 878 showing a population decline of 0.1% in the area during that time. The predominant age group in Torrington is 50-59 years. Households in Torrington are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torrington work in a trades occupation. In 2011, 89.3% of the homes in Torrington were owner-occupied compared with 89.6% in 2016.
Torrington has 909 properties. Over the last 5 years, Houses in Torrington have seen a 68.07% increase in median value. As at 31 October 2024:
- The median value for Houses in Torrington is $879,670 while the median value for Units is $446,961.
- Houses have a median rent of $433.
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