8 Parkside Drive,
Condon, QLD 4815

Warehouse, Factory & Industrial • Other

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Freestanding self storage compound with strong occupancy

Net income: $131,592 per annum
Upside via 14 vacant units
Fully managed with little owner work

This well established self storage facility is available for immediate sale. The complex is ideally location close to Lavarack Army base, James Cook University, and an enormous residential catchment area including Condon, Kirwan, Rasmussen, Kelso and Douglas.

Features include:

• Land area: 2,589 sqm
• 48 shed-style storage units
• 15 new container storage units - installed in December 2022
• 14 vacant sheds allowing for significant upside once leased
• Net income: $131,592 per annum
• Floor area sheds: 783 sqm
• Floor area containers: 208 sqm
• Hardstand secure yard leased to separate tenant
• Land area hardstand lease: 670 sqm
• Built in 1997
• Strong occupancy

For Sale via offers to purchase.