7 Allen Court Torrington QLD 4350

Located in the Toowoomba industrial precinct, 7 Allen Court encompasses an expansive 8,082m2 block with potential to increase the current floor area of 650m2.

Priced at $2.5 Million (6.1% net) the existing lease has 4.5 years to run with 2 x 3 year options. Returning an annual net amount of $152,562.69 + Outgoings + GST with yearly CPI increases, the tenant is also liable for all outgoings costs.

The property features:
- 360m2 Warehouse with multiple points of access
- Internal disabled compliant amenities
- Separate 190m2 office with sales area
- Reception with 3 offices
- Shower and toilet amenities within
- Kitchen / Staff room
- Additional 100m2 storage shed
- Very rare Department of Environment licensed 950 m2 bunded storage facility

The tenant Planet Paints have occupied the property for over ten years and recently signed a new 5 year lease. (August 2024). Returning $152,562.69 + Outgoings + GST per annum with yearly CPI increases, 7 Allen Court is well priced at $2.5 Million providing a net return of 6.1%.

In this rarefied market of tenanted investments and commercial properties, this is one opportunity you do not want to miss.

To view a virtual tour of the property please click on the external link below.

For more information or to arrange an inspection contact Drew Camm DC Commercial today on 0432 055 250 | drew@dccommercial.com.au