95-97 Ingham RoadWest End QLD 4810
Property Details for 95-97 Ingham Rd, West End
Last Listing description (January 2020)
This excellent commercial investment property is now on the market for sale for $2M. It is a rare retail showroom and warehouse facility ideally located on the fringe of the Townsville CBD at 97 Ingham Road in West End. It enjoys great exposure and has had Reward Catering as a long standing tenant for over 20 years.
There is currently a 4 Year WALE with a Lease until October 2023 with a net income of $188,494 plus GST making this an excellent investment option for anyone looking for a great property with a secure investment income. The improvements for the property include 510m2 of reconditioned showroom and office space, 680m2 of rear warehouse space along with an additional 350m2 of adjoining warehouse that was purpose built for the current tenant.
The property has been well maintained for many years and presents well with views up to Castle Hill and located only 2.7 km from the heart of the Townsville CBD. Based on the current net income this property will be offering an 9.4% Net return for the savvy investor.
The property is offered for sale for $2,000,000. For the full sale details please contact Shaun McLaren at Colliers International Townsville
Highlights:
* $188,494 Net Income till October 2023
* 4 Year WALE to National Company
* Net Return of 9.4% on Offer
Property History for 95-97 Ingham Rd, West End, QLD 4810
- 25 Nov 2019Sold for $1,900,000
- 20 Aug 2019Listed for Sale $2,000,000
- 11 Oct 2006Sold for $1,465,000
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0About West End 4810
The size of West End is approximately 3.1 square kilometres. It has 13 parks covering nearly 17.0% of total area. The population of West End in 2016 was 4064 people. By 2021 the population was 3891 showing a population decline of 4.3% in the area during that time. The predominant age group in West End is 30-39 years. Households in West End are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in West End work in a professional occupation.In 2021, 46.00% of the homes in West End were owner-occupied compared with 45.60% in 2016.
West End has 2,616 properties. Over the last 5 years, Houses in West End have seen a 116.67% increase in median value, while Units have seen a 105.16% increase. As at 31 March 2026:
- The median value for Houses in West End is $652,119 while the median value for Units is $449,455.
- Houses have a median rent of $550 while Units have a median rent of $420.
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