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$1,200,000

Potential for Multiple Income Streams for Astute Operators (Listing ID:230)
Contact: Greg Banks
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2.0 out of 5 (13 votes cast)
Address: 336-342 Ingham Road
City: GARBUTT
State: QLD
Post Code: 4814
Country: AUSTRALIA
Neighborhood: TOWNSVILLE
Price: $1,200,000
Beds: 8
Baths: 5
Garage: 10
Year Built: 1975
Land size (m2): 1730
Status: Active
Full Description: 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 accomodation units (four single and two double) as well as two retail shop or office spaces, laundry facilities and courtyard and covered car accomodation 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 accomodation, 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.
Home Features
Air Conditioning Built in Wardrobes
Fully Fenced Outdoor Entertaining
Shed
Greg Banks

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