Excellent investment opportunity, the current owner has the only 2 storage complexes available in the township of Pittsworth, it’s proved to be a good income stream for them. Preference is to sell both together and open to negotiation.

GOLF COURSE ROAD STORAGE SHEDS
2034 SQ METRE ALLOTMENT

TOTAL OF 43 SHEDS
11 X 3metre x 3metre RENTED @ $75/month AS OF 1 JULY 2016
32 X 6metre X 3metre RENTED @ $125/month AS OF 1 JULY 2016

DETAILS Located on the Tummaville Road, built in 2 stages, 1st stage built in 2005. Security fencing + security cameras + disability toilet. Concrete driveway plus concrete entry to each shed. Very neat and tidy, easy maintenance property.

INCOME 2015 – 2016
GROSS INCOME 2015-2016 $51,056.34
LESS MANAGEMENT FEES $ 4,197.00
RATES/YEAR 2015 $ 2,220.02
INSURANCE $ 1,704.00
POWER $ 487.00
NETT INCOME $42,448.32
VACANCY RATE 2015-2016 = 7%

INCOME 2014 2015
GROSS INCOME 2014-2015 $49,757.75
LESS MANAGEMENT FEES $ 4,152.93
RATES/YEAR 2014 $ 2,220.02 includes water
INSURANCE $ 2,360.00 includes Grevillea Street Shed Site
POWER 25/6-23-6/15 $ 497.27
NETT INCOME $40,527.53
VACANCY RATE 2014-2015 = 6.8%

SALE: $675,000 INDIVIDUALLY NO GST APPLICABLE

GREVILLEA STREET STORAGE SHEDS
1621 SQ METRES

NO. STORAGE SHEDS 8 x 6metres x 3metres RENTED @ $125/month AS OF 1 JULY 2016

DETAILS: Located in the hub of the industrial estate of Pittsworth. Security fencing, entry gates on either side of the frontage. Concrete driveways. Securely fenced Additional area available to increase the number of sheds available, which is currently used and leased to a neighbouring business.

INCOME 2015 – 2016
GROSS INCOME 2015-2016 $10615.99
LESS MANAGEMENT FEES $ 876.01
RATES/YEAR $ 1421.76
INSURANCE $ 340.00
NETT INCOME $ 7978.13
VACANCY RATE 2015-2016 = 10%

INCOME 2014-2015
GROSS INCOME 2015-2016 $9470.80
LESS MANAGEMENT FEES $ 781.27
RATES/YEAR $1415.80
INSURANCE $ COMBINED WITH GOLF COURSE
NETT INCOME $7273.73
VACANCY RATE 2014-2015 = 20%

Additional income Generated from the area behind the sheds currently rented and accessible to Qld Water Engineering.
As of 1 May 2016 @ $104.04 / month expiring July 2017

SALE: $185,000 NO GST APPLICABLE
COMMENTS: IF SOLD AS A WHOLE $800,000 NO GST