![]() Asset Class: | Retail |
![]() Price: | $ 660000 |
![]() Net Yield: | 6.50 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Pre Market |
Presenting an exceptional investment opportunity to purchase a very rare, freehold retail/office building at this price point, located in the heart of the Townsville CBD.<br><br>The property has been consistently tenanted by the likes of a chemist, boutique retail fashion shop and now a reputable real estate agency for the last 3 years.<br><br><b>Why I like this property:</b><br><br><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;">Freehold</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 leased to a reputable tenant who has been occupying the property for the last 3 years</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;">Long term (3 year) lease - income security</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 lease - tenant pays outgoings</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;">Single tenant - easy to manage</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;">Purchasing at a competitive price (below replacement cost)</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;">Attractive yield</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;">Townsville CBD - location is expected to grow given population growth for Townsville and the economy being underpinned by defence, mining, agriculture, educaton and tourism. Therefore, values are expected to grow.</span></p></li></ul>
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
The property is located in the heart of the Townsville CBD.<br><br><b>Townsville is Queensland’s largest regional city with an estimated population of 237,452 people</b><br>. The region has 7th highest average income per capita in Australia and a Gross Regional Product (GRP) of an estimated $15.892 billion, which means the Townsville region alone represents 4.3% of Queensland's Gross State Product (GSP) of $366.277 billion. <br><br>Townsville’s industry diversity, government investment and major infrastructure further underpin its role as the commercial and services hub for North Queensland’s minerals, coal, agriculture, tourism and tropical sciences sectors. Townsville is a major service centre, and the main centre for government administration outside Brisbane. Regional health services are provided by the Townsville Hospital and several research institutions such as James Cook University, the Australian Institute of Marine Science, the Great Barrier Reef Marine Park Authority, Department of Agriculture, Fisheries and Forestry and the CSIRO. Townsville has a large Australian Defence Force community, due to both the army and air force bases also influencing the economy.<br><br>Nationally significant institutions and companies:<br><br><p style="margin-inline-start:36pt;"><span style="color:windowtext;">· One of Australia’s largest Defence bases</span></p><br><p style="margin-inline-start:36pt;"><span style="color:windowtext;">· Research Centre for food and tropical health </span><span style="color:windowtext;margin-inline-start:36pt;">research</span></p><br><p style="margin-inline-start:36pt;"><span style="color:windowtext;">· Australia’s biggest electrical distributor - Ergon </span><span style="color:windowtext;margin-inline-start:36pt;">Energy Network & Energex (Energy QLD Group)</span></p><br><p style="margin-inline-start:36pt;"><span style="color:windowtext;">·Two of Northern Australia’s largest universities, </span><span style="color:windowtext;margin-inline-start:36pt;">James Cook University and Central Queensland University (CQU)</span></p><br><p style="margin-inline-start:36pt;">- Major resources and logistics offices including Aurizon, Incitec Pivot, MMG, Bravus and Glencore Copper</p>
Additional Location Information FileCentury 21 Prestige<br><br><span style="color:rgb(37, 37, 38);">UNIQUE TOWNSVILLE CITY REAL ESTATE AGENCY</span><br><br><span style="color:rgb(37, 37, 38);">Century 21 Prestige | A new and fresh approach to the sale and management of residential real estate in Townsville. We offer a wealth of real estate knowledge and experience, combined with innovation and leading technology, to help you achieve your real estate goals. Our Award Winning team have a comprehensive understanding of the local real estate market and its opportunities here in Townsville.</span><br><br><span style="color:rgb(37, 37, 38);">As a full service agency, we pride ourselves on delivering exceptional customer service for our clients, striving for a seamless and positive experience each and every time. </span><a style="color:rgb(44, 123, 208);background-color:transparent;display:inline;" target="_blank" href="https://townsvillecity.century21.com.au/our-team"><u>Our team</u></a><span style="color:rgb(37, 37, 38);"> will guide you through each and every step of the process, ensuring YOU get the best outcome.</span><br><br><span style="color:rgb(37, 37, 38);">OUR MISSION | To empower and inspire our clients to reach their real estate goals through expert knowledge, leading technology and tools, and a first class customer service experience every time.</span><br><br><span style="color:rgb(37, 37, 38);">WHY CHOOSE US | Century 21 Prestige has been founded by Award Winning Townsville builder Paul Fotinos. With extensive experience within the home building and land development space, Paul has curated a team of high achieving Award Winning real estate and business professionals who are equally as passionate about the property industry and helping their clients achieve their real estate goals. Our Century 21 Prestige team have a proven track record for achieving their results through relationship building, first class customer service and innovation.</span><br><br><a style="color:rgb(37, 37, 38);display:inline;" target="_blank" href="https://townsvillecity.century21.com.au/about"><u>https://townsvillecity.century21.com.au/about</u></a><span style="color:rgb(37, 37, 38);"></span>
Initial Term:
Security:
3 months rent plus GST
Security Info:
3 months rent plus GST
Initial Term:
Security:
3 months rent plus GST
Security Info:
3 months rent plus GST
Subject Property: 281 Flinders Street, Townsville City - 143sqm - $300/sqm net (approx. $370/sqm gross) 7 Woolcock Street, Hyde Park - 156sqm - $372/sqm gross (May 2024) 2/278 Ross River Road, Aitkenvale – 156sqm - $420/sqm gross (April 2024) 1/1-3 Barlow Street, Townsville South – 120sqm - $333/sqm gross (Dec 2023) 2/551 Flinders Street, Townsville City (office) – 176sqm - $306/sqm gross (May 2024) Market rent for the property is subject to valuation and further due diligence.
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<p style=""><span style="color:rgb(66, 66, 66);">Boutique Freehold Retail/Office Building with Modern Fit-Out in the Heart of CBD</span></p><br><span style="color:rgb(51, 51, 51);">- Fully leased tenanted investment opportunity</span><br><span style="color:rgb(51, 51, 51);">- Well located on the main CBD strip of Flinders Street within close proximity to facilities such as the Law Courts, Australia Post, Woolworths, QCB Stadium and more</span><br><span style="color:rgb(51, 51, 51);">- Building area of 143m²*</span><br><span style="color:rgb(51, 51, 51);">- Land area of 242m²*</span><br><span style="color:rgb(51, 51, 51);">- Principle Centre zoning</span><br><span style="color:rgb(51, 51, 51);">- Modern exterior and interior with high end boutique fit-out in place</span><br><span style="color:rgb(51, 51, 51);">- On-site parking access via Sturt Street rear driveway</span><br><span style="color:rgb(51, 51, 51);">- Brand new 3 year lease + 3 year option to established Real Estate firm 'Century 21 Prestige'</span><br><span style="color:rgb(51, 51, 51);">- Estimated outgoings of $10,065 pa (including management) - 100% paid for by tenant.</span><br><span style="color:rgb(51, 51, 51);">- Net income of $42,900 p.a. (plus GST)</span><br><br><span style="color:rgb(51, 51, 51);">* Approx.</span>