109 Bamford Lane Kirwan QLD 4817

- Freestanding office building located amidst one of Townsville's most populated suburbs
- 4 year lease commencing 1 November 2023 plus 2 x 2 year options
- Leased to the State of Queensland, Department of Youth Justice, Employment, Small Business and Training who have been in occupancy of this property for over 20* years
- Net income of $128,292* pa (ex GST)
- Fixed 3% annual increases and market reviews at options
- Single level building totaling 750m²*
- Enormous land area of 3,237m²* with concreted car parking to accommodate 44* vehicles
- Good exposure and located directly opposite Parkside Plaza neighbourhood shopping centre, anchored by Woolworths
- Modest current rental rate of $230* per sq.m (plus GST) gross / $172* per sq.m (plus GST) net
- Brand new floor coverings and new internal paint completed 2024*
- Full air conditioning replacement completed 2021*

For further information or to arrange an inspection, please contact Todd Walsh at Colliers.

*Approx.
^Outlines / markups indicative only