 Asset Class: | Retail |
 Price: | $ 3900000 |
 Net Yield: | 6.38 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
This exceptional commercial property presents a rare opportunity to acquire a high-performing neighborhood retail shopping center in a rapidly growing residential area, just 30 minutes from Townsville CBD and the airport. Strategically positioned on the major arterial road, Riverway Drive, the center enjoys high visibility and easy accessibility.<br> <br>Situated on a 3,077 sqm land parcel, the property features a total net lettable area of 826 sqm (864 sqm including a storage unit). This fully tenanted investment comprises eight tenants plus a storage unit, anchored by national brands BWS and Domino's, alongside a diverse mix of retail and service-based businesses. Other tenants include a fish and chip shop, Kelso Mini Mart, a pet store, a hair salon, a Thai restaurant, and a government tenant. The property also provides ample on-site customer parking.<br> <br>In addition, the tenant in Tenancy T2 has exercised their options and is awaiting a market review to potentially increase the rent to $18,480 per annum.<br> <br>Generating a net income of $248,916.21 per annum, the center benefits from annual rental increases of 3%-4% or CPI, ensuring continuous growth.
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Queensland’s largest regional city, and 4th largest overall, Townsville is a growing city located in North Queensland, with an estimated population of 200,000 people as of April 2022.<br><br>The city offers a vibrant lifestyle with a population estimated to reach over 314,000 by 2036 in addition to a significant annual tourism influx, which generated over $520m in value added benefits for 2019/20.<br><br>Townsville has a diverse and developed economic profile with its annual regional output of $34.3 billion account for 4.6% of the total Queensland output. This economic performance is underwritten by strong defence, health care and construction industries, with further industries including education, manufacturing and finance strengthening the economic diversity of the region.<br><br>Townsville’s future growth has been further secured through the ongoing Townsville City Deal. A 15-year commitment between federal, state and local governments first signed in December 2016, the City Deal aims to support a prosperous economic future for Townsville and position the city as a vibrant, liveable and innovative place to live.<br><br>
Additional Location Information FileDomino's Pizza Kelso:<span style="color:rgb(0, 0, 0);"> </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://www.dominos.com.au/store/QLD-KELSO-QLD-98745?utm_source=google&utm_medium=places-organic&utm_campaign=yext&utm_content=googleURL"><u>https://www.dominos.com.au/store/QLD-KELSO-QLD-98745?utm_source=google&utm_medium=places-organic&utm_campaign=yext&utm_content=googleURL</u></a><span style="color:rgb(0, 0, 0);"></span><br><span style="color:rgb(0, 0, 0);"> </span><br>Domino's Australia is a pizza chain offering delivery and carryout services. Since 1983, it has grown to over 700 stores across the country.<br> <br>BWS Kelso:<span style="color:rgb(0, 0, 0);"> </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://bws.com.au/storelocator/QLD-Kelso-2454"><u>https://bws.com.au/storelocator/QLD-Kelso-2454</u></a><span style="color:rgb(0, 0, 0);"></span><br> <br>BWS is a popular Australian retail chain specializing in alcohol. With over 1,400 stores nationwide.<br><span style="color:rgb(0, 0, 0);"> </span><br>Kelso Fish & Snack Bar<span style="color:rgb(0, 0, 0);">: </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://www.facebook.com/people/Kelso-Fish-Bar/100063530771382/"><u>https://www.facebook.com/people/Kelso-Fish-Bar/100063530771382/</u></a><span style="color:rgb(0, 0, 0);"></span><br><span style="color:rgb(0, 0, 0);"> </span><br>Kelso Fish & Snack Bar is a local fish and chip shop that has been operating on-site since 2021.<br><br>Kelso Mini Mart: -<br> <br>Kelso Mini Mart has been operating onsite since 2019 & they are also using tenancy A as storage.<br><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(31, 31, 31);font-weight:normal;">Len’s Feed Shed: </span><a style="color:rgb(5, 99, 193);display:inline;font-weight:normal;" target="_blank" href="https://lensfeedshed.com.au/"><u>https://lensfeedshed.com.au/</u></a><span style="color:rgb(47, 84, 150);"></span><br> <br>Len's Feed Shed has been serving the Townsville animal community since 1998, offering products for a wide range of pets, from goldfish to cattle. Located at the base of Mount Kulburn, it caters to residents in the Northern Beaches, Black River, and Bluewater areas. The store also serves a variety of wildlife, including wallabies, dingos, and snakes. With a second location in Kelso (formerly Citifarm @ Kelso), the store has been serving the Upper Ross community since 2003.<br><br>Ning Thai Food Kelso<span style="color:rgb(0, 0, 0);">: </span><a style="color:rgb(5, 99, 193);display:inline;" target="_blank" href="https://ningthaifood.com/"><u>https://ningthaifood.com/</u></a><span style="color:rgb(0, 0, 0);"></span><br><span style="color:rgb(0, 0, 0);"> </span><br>Ning Thai Food is a local Thai Restaurant since 2023.<br> <br>The Styling Stable: -<br> <br>The Styling Stable is a boutique salon with 16 years of experience, focusing on personalized service and hair care education for its clients.<br>
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Mini Mart Storage – 24 sqm- $25/sqm BWS - 130.74 sqm - $446.99//sqm Domino's - 139 sqm - $431.91//sqm Kelso Fish & Snack Bar - 70.08 sqm - $479.78/sqm The Styling Stable - 70.08 sqm - $441.62/sqm Mini Mart – 148 sqm - $519.34/sqm NTEGROUP – 76 sqm - $374.89/sqm Community Gro Inc - 66.56 sqm - $265.63/sqm DrGordon - 139.56 sqm- $297.91
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Strategic Location</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Land Area - 3,077 sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Total Net Lettable Area - 826 sqm (+24 sqm storage facility)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Diverse tenant mix</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Fully Tenanted: 8 tenants plus a storage unit.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Anchor Tenants: BWS and Dominos</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">On-Site Parking</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net Income - $248,916.21 per annum.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Annual Rental increases - 3%-4% or CPI.</span></p></li></ul>
