 Asset Class: | Retail |
 Price: | $ 1562000 |
 Net Yield: | 8.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
<span style="color:rgb(0, 0, 0);">Offered is a premium retail investment in the heart of </span><span style="color:rgb(36, 36, 36);">Townville’s CBD. This property is located on the ground </span><span style="color:rgb(0, 0, 0);">floor and underpinned by a long 10-year lease to </span><span style="color:rgb(36, 36, 36);">Townville’s Premier Waterfront CBD Restaurant – ‘A Touch of Salt’ who </span><span style="color:rgb(0, 0, 0);">have been here for almost 20 years.</span><br><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(0, 0, 0);">The property has a NLA of 438m2* and comes with 2 parking bays on title, plus ample parking nearby for customers. It is located along the Ross River waterfront, directly opposite the Grand Chancellor Hotel. Positioned at the corner of Ogden and Hanran Streets, the tenant has great exposure to both pedestrian and vehicle traffic, reflecting their long-standing presence at this waterfront location. </span><span style="color:rgb(36, 36, 36);">A Touch of Salt have been here since 2005 and are </span><span style="color:rgb(0, 0, 0);">are secured here on a 10-year lease to 2031 and have a 5-year option to 2036, plus compounding CPI annual increases built into their lease.</span><br><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(0, 0, 0);">This is an easy-to-manage trophy investment in the heart of Townsville underpinned by a strong tenant and set to provide its investor a first-year net income of $124,978*pa.</span>
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<span style="color:rgb(0, 0, 0);padding-left:0px;">Townsville is Australia’s 14</span><sup style="color:rgb(0, 0, 0);padding-left:0px;display:inline;">th</sup><span style="color:rgb(0, 0, 0);padding-left:0px;"> largest city and the key population hub in Northern Australia. It holds over 210,000 residents, attracts over 1.15 million visitors annually, generating $686 million, and serves as the main gateway to the Great Barrier Reef and Queensland Outback. With a GRP of $15.892 billion, it's one of the largest regional economies in the country. The Queensland Government is investing billions in infrastructure, health, and education to support its growing population, which is expected to increase by 51.2% by 2041. Townsville's strengths include excellent connectivity, top-tier education and health services, and a desirable lifestyle. </span>
Additional Location Information File<span style="color:rgb(36, 36, 36);padding-left:0px;">A Touch of Salt, established in 2005, is one of Townsville’s premier waterfront restaurants, known for its exceptional food and service. Family-owned and operated, it is managed by Peter Brine, with his sons Michael (Executive Chef) and Mark (Events Manager) playing key roles. Michael, the "creative one," brings his culinary expertise to the kitchen, while Peter, the "boss," ensures smooth operations. Mark, the "organised one," oversees events and customer experience. The restaurant offers a high end, yet versatile experience with views over the Ross River, featuring ever-evolving menus paired with an impressive wine selection, all showcasing North Queensland's finest produce.</span>
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4/8 Ogden Street, Townsville – 438m2 - $285/m2 net
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Easy to manage single-tenanted investment </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Ideal location with high exposure and foot traffic </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Zoned: Principal Centre </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">NLA: 438m2* </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Net Income: $124,978* pa + GST </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">2 on title parking bays </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Income above is after all outgoings </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Compounding CPI increases </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Under market rents </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Established operator – ‘A Touch of Salt’ premiere dining establishment </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Townsville: Economic capital of NQ, over $27 billion in projects underway </span></p></li><li style="list-style-image:none;margin-inline-start:24px;color:windowtext;"><p style="background-color:transparent;padding-left:0px;display:inline;"><span style="color:rgb(0, 0, 0);padding-left:0px;font-weight:normal;font-style:normal;">Townsville: Strong population forecasted to grow 52% by 2046 </span></p></li></ul>
