$2.5 million + GST

3/5 Gregory Street Queanbeyan West, NSW 2620

Industrial Property with Exceptional Return on Investment

Elders Queanbeyan - Jerrabomberra - Googong is delighted to present for sale 3/5 Gregory Street, Queanbeyan.

Located on a prime corner position on Canberra Avenue, this property is situated on a dual carriageway main arterial road between Canberra and Queanbeyan and offers exceptional business advertising via its high exposure to passing vehicular traffic.

The property is ideally suited to a car sales business or similar which would benefit from the outstanding exposure.

FEATURES

Erected on site is a massive promotional illuminated billboard measuring 13.1 x 3.4m that provides 24/7 exposure, with estimated daily vehicular traffic of 29,786 (Australian Bureau of Statistics).

The property comprises land area of 852m including:
- 300m hard stand area
- 195m industrial metal shed workshop/warehouse

The industrial shed offers:
- High-set roller door
- Office space
- Bathroom
- 16m mezzanine including office space and kitchen facilities
- 16m mezzanine storage area

RETURN ON INVESTMENT

This property presents an exceptional return on investment of $252,000 per annum:
- Billboard $180,000 per annum
- Workshop and hard stand $72,000 per annum Estimated Annual Income = $252,000 exclusive of GST

3 YEAR RENTAL GUARANTEE

A three year rental of $252,000 per annum is offered with this sale

PRICE $2.5 million + GST

** Disclaimer: All purchasers must rely on their own enquiries, as the vendors or their respective agents do not make any warranty as to the accuracy of the information provided above and do not or will not accept any liability for any errors, misstatements or discrepancies in that information. We have diligently and conscientiously undertaken to ensure it is as current and as accurate as possible. **

Key details

  • Property Type Industrial
  • Block Size 852 sqm
  • Date Listed 03-07-2020