Sign of the times

Townsville Bulletin - - Investor - by Tony Rag­gatt tony. rag­gatt@ townsville­bul­letin. com. au

L O N G - T I M E T o w n s v i l l e busi­ness­man Den­nis Gra­cie be­lieves the signs are so good for the city he is em­bark­ing on a $ 1 mil­lion ware­house and of­fice de­vel­op­ment at Gar­butt.

Mr Gra­cie, who has op­er­ated Gra­cie Signs for 40 years, has gi ven t he green l i ght f or builders Form­set to be­gin work on the pro­ject while prop­ert y agents Knight Frank Townsville em­bark on a cam­paign to find a ten­ant for the fa­cil­ity.

‘‘ I be­lieve in the town and I be­lieve it’s go­ing to go ahead,’’ Mr Gra­cie said.

‘‘ I have al­ways said you have to lead by ex­am­ple.’’

A new free-stand­ing in­dus­trial fa­cil­ity of steel frame and

BUILD­ING CAP­I­TAL: An artist’s im­pres­sion of the pro­posed ware­house pro­ject con­crete panel con­struc­tion is to be built for a 1004sq m va­cant prop­erty at t he cor­ner of Gor­den and Peel streets, Gar­butt.

The build­ing will pro­vide a 295sq m ware­house f acil­ity with in­ter­nal clear­ance up to 6m with ac­cess via five elec­tric roller doors.

About 284sq m of of­fice space is to be pro­vided in a ground floor and mez­za­nine level at one end of the build­ing.

Knight Frank agent Glenn Win­tour said the de­vel­op­ment rep­re­sented a good op­por­tu­nity for a com­pany look­ing for a mix of ware­house and of­fice space lo­cated close to the city, air­port and high­way.

While there were sim­i­lar prod­uct in the mar­ket, Mr Win­tour said this de­vel­op­ment’s lo­ca­tion, ac­cess and the fact that it was a stand-alone fa­cil­ity set it apart.

A rental rate has been quoted at $ 130 per sq m plus GST per an­num.

Mr Win­tour said there were a l s o g o o d s i g n a g e o p p - or­tu­ni­ties.

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