LIVE STREAMS

34 Sowden Street,
Drayton Queensland 4350

Price: $800,000

This 50 Unit Storage Shed Site Shows 100% Occupancy

CHAN DE SILVA for The Jacqui Walker Team presents this 50 UNIT STORAGE SHED SITE in Toowoomba, Qld - showing 100% OCCUPANCY with a tenant waiting list, and yielding 9.75% gross annual rent return!



THE ASSET:

- 50 Self-Storage Units

- Set on 1,960 sq mtrs ... almost half-an-acre
::: Allotment Dimensions: 20m wide x 98m deep
::: The slightly sloping site is very well retained

- Business registered as 'Drayton Self Storage'
::: Each rental is currently managed by our Office, RE/MAX Success

- Brick construction to front
- Colorbond structure overall

- Capital outlay site and sheds: $800,000



INCOME & OUTGOINGS:

- 50 Sheds rent for $130.00 EACH per month
- Current gross annual income: $78,000.00
- Wow, that's a gross rent yield of 9.75% p.a.

- Recent General Rates: $1,908.80 net 1/2 yr
- Recent Water Access: $315.00 net 1/2 yr approx + usage
- State Emergency Management Levy: $551.60 net 1/2 yr
- Owner's Current Business Insurance Policy: $2,690.00 yearly
- Maintenance of fire-hose reel $297.00 yearly



SITE DEEP-DIVE:

- 50 Storage Units total
- 25 on north-side, 25 on south-side

- Securely fenced
- Units can be strong-padlocked by Tenant
- If necessary, Units can be double-locked by Site Owner

- Concrete ENTRANCE driveway to north-side
- Concrete TURNING CIRCLE at rear
- Concrete EXIT driveway to extra-wide south-side
- Capacity to add entrance/exit from rear Thiess St
::: I SAID: ' Capitalise on 2-street access potential !!! '

- Impact-prevention bollards to far rear corners of shed
- Water is connected to the site
- Electricity is not currently connected

- Land Use: Light Industry
- Development Zone: Low Impact Industry
- Real Property Description: Lot 500 on D1018
- Local Government Area: Toowoomba Regional Council



BUSINESS PARTICULARS:

- Business registered as 'Drayton Self Storage'
- 24/7 Access
- Tenants commence with rental payment and $200 refundable deposit
::: Deposit is returned upon paid-up Unit being vacated in clean condition
- Also refer to income and outgoings already provided above



TOOWOOMBA ECONOMIC SNAPSHOT:

- This site is 450 metres from major Anzac Avenue
::::: Anzac Avenue is an important south-northward traffic artery
::::: Toowoomba is a key strategic link in the National Land Transport Network

- Toowoomba region population approx. 170,000
- Toowoomba has a gross regional product of $11.56 billion

- Toowoomba is the gateway to the west
::::: Abundant gas and oil resources

- Inland city showing huge growth
::::: $1.6 billion Second Range Crossing completed 2019
::::: $500m QIC Grand Central Shopping Centre upgrade completed 2018
::::: New International Freight Airport with Domestic Passenger Terminal
::::: New Airport Industrial Park
::::: New Regional Data Centre

- 80 mins drive to Brisbane, flights available
- Under 2 hours drive to Gold Coast



SOLIDLY CONSTRUCTED on a sizeable land-site and SHOWING 100% OCCUPANCY with a tenant WAITING LIST, this 50 STORAGE SHED SITE must be seen.

AND LET'S NOT FORGET that current 9.75% gross annual rent return !!!



FOR INSPECTION OR MORE INFORMATION, Chan De Silva for The Jacqui Walker Team is standing by right now for your message or call. INSPECT, ACQUIRE AND GAIN!



***Disclaimer: All care taken, however you are encouraged to independently verify all figures, measurements and indications.

Property Details

Price
$800,000
Address
Sowden Street
Suburb
DRAYTON
Postcode
4350
Property Type
Land Size
1960 m2
Property ID
20713764
Other Features
None,None