 Asset Class: | Multi-Tenanted |
 Price: | $ 3750000 |
 Net Yield: | 9.53 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Pre Market |
Presenting an exceptional investment opportunity to purchase a high yielding, commercial retail and office building with at grade car parking, on a large corner block in the heart of Townsville CBD.<br><br>Rents are also considered to be low to fair market rates, indicating future rent and value growth potential.<br><br><span style="color:rgb(51, 51, 51);">Also, with a large corner site and principle centre zoning this property includes long term future development potential (subject to council approvals).</span><br><br><span style="color:rgb(51, 51, 51);">This is a great investment opportunity. We look forward to securing the property for you.</span>
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?
<b>Townsville is Queensland’s largest regional city with an estimated population of 237,452 people</b><br><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;"><span style="color:windowtext;">· </span><span style="color:rgb(51, 51, 51);">Major resources and logistics offices including Aurizon, Incitec Pivot, MMG, Bravus and Glencore Copper</span></p><p style="margin-inline-start:36pt;"><span style="color:windowtext;"> </span></p>
Additional Location Information FileRefer to "41 Denham Street-Financials" attached.
Initial Term:
Security:
Security Info:
Refer financials
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject Property: 41 Denham Street, Townsville City - 58sqm to 211sqm - average of $297/sqm gross per annum 2/278 Ross River Road, Aitkenvale – 156sqm - $420/sqm gross per annum 101/151 Sturt Street, Townsville City – 168sqm - $357/sqm gross per annum 1/1-3 Barlow Street, Townsville South – 120sqm - $333/sqm gross per annum 1/62 Walker Street, Townsville City (office/medical) – 206sqm - $320/sqm gross per annum 2/551 Flinders Street, Townsville City (office) – 176sqm - $306/sqm gross per annum Subject to valuation and further due diligence.
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<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;">Two-level commercial property with a multi-use offering</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;">Striking corner site boasting huge exposure to both Denham and Flinders Street</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;">Situated in the heart of the CBD within close proximity to facilities such as the Courthouse, Council Chambers, City Arcade (Woolworths, Post Office) and more</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 build area of 1,595m²*</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 land area of 1,480m²*</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;">17 x well-presented tenancies over two levels ranging from 37m²* to 211m²*</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;">Great existing tenancy mix of retail and commercial</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;">Passing daily traffic of circa 14,000* via Denham Street and 8,000* via Flinders Street</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;">24 x on site secure parks</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;">Eye catching electronic billboard situated on the property façade</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;">Principal centre (CBD) zoning</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Estimated Net Income (passing) of $257429* p.a. (plus GST) after mgmt. fees. - 6.9% net passing yield</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Estimated Net Income (estimated fully leased) of $357,348* p.a. (plus GST) ($224/sqm net) after mgmt. fees. - 9.5% estimated fully leased net yield</b></span></p></li></ul><br>* Approx.<br><br><b>What we like about 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);margin-inline-start:18pt;font-weight:normal;font-style:normal;">Huge CBD land area</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);margin-inline-start:18pt;font-weight:normal;font-style:normal;">Multi tenanted – diversity of income</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);margin-inline-start:18pt;font-weight:normal;font-style:normal;">Recently refurbished – low capex requirements</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);margin-inline-start:18pt;font-weight:normal;font-style:normal;">Potential future development potential given Principle Centre zoning</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);margin-inline-start:18pt;font-weight:normal;font-style:normal;">Low rents</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;">High yielding</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;">Value upside (if average net rents increase from current $224/sqm to a potential $275/sqm, then the value will potentially increase by $1,735,000 at 8% net yield to $5,485,000).</span></p></li></ul>
