133 - 137 Crocodile Crescent,
Mount St John, QLD 4818

Colliers International are pleased to offer for sale by offers to purchase 133 - 137 Crocodile Crescent, Mount St John. Townsville.

Thales Group secured a 5 year lease commencing 1st July 2014 with options of 2 + 2 years. The current rental income is circa $300,000 pa net plus GST. The triple net lease also includes a ratchet mechanism preventing the rental from reducing below the previous years rental.

The subject property is located within the industrial suburb of Mount St John, this suburb is situated on the fringes of established suburbs of Bohle & Garbutt. The site boasts direct access to major arterial routes, Ingham Road & Woolcock Street / Bruce Highway, this location provides close proximity to the Townsville CBD, Airport and Port.

The site is zoned medium impact industrial with an area of 5,499 m2*, comprising of a total building area of 2,068 m2* situated along the north western boundary ideally positioned to capture prevailing winds. The remainder of the site is 3,400 m2* of heavy duty concrete hardstand for high manoeuvrability of heavy vehicles. Additional features include dual level offices partially furnished, excellent access through 8 high clearance auto shutters, twin 5t cranes, heavy vehicle wash down bay and load rated mezzanine.

Thales Group supplies and sustains a range of products for the Australian Defence Force including: munitions, weapons, optronics, protected vehicles, mission packages, and command, control, communications and computer (C4) systems. The subject property acts predominantly as the workshop for the regular maintenance programs required for the Australian Army’s Bushmaster protected vehicles. In the near future, Thales is delivering a new generation of protected vehicles known as Hawkei and this workshop will also be used for its regular maintenance programs.

With no expense spared, this fully equipped industrial facility suits a range of potential future uses but no better fit than for the sitting multi-national, long term defence force contractor. A high returning premium investment for any portfolio…

Additional information relating to the offering can be made available upon request by contacting:

JAMES PASCOE
Senior Executive - Commercial/Industrial
Colliers International Townsville