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High Profile Tenanted Investment, National Tenants, Triple Net Lease Yields Circa 8%, Low Site Coverage for Future Development and More…Property ID 1378274Offered to the market for the first time this substantial retail and office complex is situated on the golden mile of Aitkenvale.
Aitkenvale is the geographic centre of Townsville with many business' along the stretch including Stockland Shopping Centre, QCCU head office, several banks, various professional offices, service stations and retail shops.
The retail section is locally known as Centrepoint Shopping Centre whilst the office complex has naming right tenant Community Training Australia 266.
The property boasts 6 titles fronting the intersection of Ross River Road and Anne Streets and 3 titles fronting Patrick Street. There is access points from all Streets with a drive-thru car park. Frontage to Ross River Road is approximately 120 meters.
The property has excess land holdings of up to 3036 m2 subject to future uses/projects.
There are 14 tenants in the retail centre including a chemist, bakery, hairdresser, grocer, real estate agent and takeaway food shops. The office building has three national tenants, Suncorp, Konnect and Community Training Australia.
Offered is a Triple Net Lease circa 8%, huge development potential, very high profile location, huge land bank with existing carparking..looking for an astute investor
For full details of the site and tenancy schedules contact Ray White Commercial.
Agent Tony Parker 0419 677798
Key Information Tenancy Status Currently Tenanted Annual Yield (Gross) N/A (Marketed Without Price) Annual Yield (Nett) N/A (Marketed Without Price) Title Scheme Not Applicable Other Information Lots in Complex 9
The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.