 Asset Class: | Retail |
 Price: | $ 1004000 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: |
This exceptional commercial property presents a rare opportunity to secure a high-performing retail asset in the high-growth Townsville region.Strategically positioned adjacent to the iconic Oonoonba Hotel, the property enjoys prominent frontage on a busy main road just 10 minutes from the Townsville CBD.<br><br>Set on an 857 sqm land parcel, the site comprises a 200 sqm net lettable area and is fully leased to Cignall—a well-established operator with multiple IGA and Cignall stores. The tenant has occupied the property since 2020 under a five-year lease expiring on 31/03/2026, with 2 x 5-year options in place. The lease is structured as net, with the tenant responsible for the majority of outgoings.<br><br>The asset currently generates a net income of $60,245 per annum, with 2% annual rental increases and a market review at option, providing long-term income 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.
Additional Location Information FileCignall South Townsville: <a target="_blank" href="https://cignall.com.au/" style="">https://cignall.com.au/</a><br> <br>Cignall South Townsville is a well-established retail business specializing in tobacco, vaping products, and convenience items. Strategically located in a high-exposure area, it benefits from strong foot traffic and a loyal customer base. The store is part of the larger Cignall franchise, known for its competitive pricing and wide product range.<br> <br>Operating since 2020, Cignall South Townsville is leased to an experienced business operator who also owns multiple IGA and Cignall stores. The tenant has a secure lease in place, ensuring long-term stability and reliable income for the property owner.
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74 Abbott Street Oonoonba QLD 4811 – 200 sqm - $301/sqm (T1&2) 1463-1467 Riverway Drive Kelso - 130.74 sqm - $446.99/sqm (T3&4) 1463-1467 Riverway Drive Kelso - 139 sqm - $431.91/sqm (TA) 1463-1467 Riverway Drive Kelso – 148 sqm - $519.34/sqm (T3) 1463-1467 Riverway Drive Kelso - 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;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Prime Retail Investment in High-Growth Townsville</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Strategic Location</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Land size - 857 sqm</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Net lettable area - 200 sqm</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenant - Cignall</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Experienced operator with multiple IGA and Cignall stores</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenant in place since 2020</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Current lease term: 5 years (expiring 31/03/2026)</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">2 x 5-year options</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Net Income - $60,245 per annum </span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Annual Rental Increases - 2%</span></p></li><li style="list-style-image:none;margin-inline-start:0cm;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Market Rent Review At Option</span></p></li></ul>
