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LEASE or BUY this Property - Potential for Multiple Income Streams (Listing ID:230)
Contact: Greg Banks
2.4 out of 5 (80 votes cast)
Address: 336-342 Ingham Road
State: QLD
Post Code: 4814
Neighborhood: TOWNSVILLE
Price: $850,000
Beds: 8
Baths: 5
Garage: 10
Year Built: 1975
Land size (m2): 1730
Status: Active
Full Description: Is this the last Standout Property on Ingham Rd that needs an innovative Owner? Consider a Part Lease with later Purchase. Showroom, Warehouse, Open and Covered Display Areas, Reception, Offices, Managers Residence, Accommodation, Retail and Advertising Opportunities. Options to Lease ALL or PART Change your thinking and direction and expose your business to this property on the only bend on Ingham Road, Townsville. This unique and desirable industrial property has huge potential to generate multiple income streams for the astute operator. This landmark development is very well known in Townsville as the former Norgate Hotel. The 1,730 m2 site enjoys high exposure on Ingham Road a major arterial road linking the CBD to the northern suburbs. The current zoning is medium impact industry and it is located within a high priority infrastructure area. The property is currently owner occupied with vacant possession available at settlement. The substantial main building (formerly hotel) is built over two levels. The ground floor has 6 renovated and self contained accommodation units (four single and two double) as well as two retail shop or office spaces, laundry facilities and courtyard and covered car accommodation for the units. Upstairs is currently being used as a huge residence with substantial living space incorporating 4 bedrooms, large kitchen, lounge and laundry and huge roof terrace. This building is ideal for short or long term accommodation, serviced offices or the like. To the left of the main building and with maximum exposure to passing trade is a covered yard ideal for the display and sale of vehicles and/or equipment. To the right is a large solidly engineered high clearance workshop with its own showroom/office, additonal mezzanine space and attached skillion roof. This part of the property is ideal for a business specialising in vehicle/equipment servicing and maintenance. This really is a substantial property in a prime central location. Inspection is a must. Call the Agent Now.
Home Features
Air Conditioning Built in Wardrobes
Fully Fenced Outdoor Entertaining
Greg Banks













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