32 Cumner RoadTorrington QLD 4350
Property Details for 32 Cumner Rd, Torrington
Last Listing description (June 2024)
Colliers is proud to offer this exceptional investment opportunity to purchase 32 Cumners Road, Toowoomba, a quality industrial investment backed by a national tenant covenant, Civilmart, in the expanding Toowoomba Trade Gateway!
This premium investment offers investors an opportunity to purchase a quality industrial premises with an exceptional lease covenant underpinned by 'Civilmart Toowoomba' on a new 10-year lease term.
Investment features include:
- Net income of $142,430 per annum with 3% annual increases
- 1.938Ha of land zoned 'Medium Impact Industry' with B double access
- Near new 788m2* high clearance industrial shed with approximately 8,000m2* of concrete & gravel hardstand
- Double storey office block plus multiple ancillary sheds
- National tenant covenant to The Civilmart Group combines over 9 Australian precast concrete brands including Tellam Civil Products, Rocla, CPC, BCP Precast, Icon Septech, CM Concrete, MC Pipes & Toowoomba Tanks.
- Located in Toowoomba's thriving Torrington industrial precinct with easy access to the surrounding highway network via The Toowoomba Bypass.
This is your chance to acquire a quality industrial investment located within an expanding industrial precinct backed by a quality tenant covenant.
For more information or to arrange an inspection, please contact Dan Dwan of Colliers.
* approx.
Property History for 32 Cumner Rd, Torrington, QLD 4350
- 13 Feb 2024Listed for Sale Contact Agent
- 14 Apr 2022Listed for Sale Expression of Interest
- 10 Apr 2019Sold for $1,200,000
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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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