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High Profile Tenanted Investment with National & Government TenantsProperty ID 1378274Offered to the market for the first time this substantial Retail and Office complex is situated on the golden mile of Aitkenvale offering approximately 3200m2 of NLA. Retail approx. 1400m2 and Office Approx. 1800m2
Aitkenvale is the geographic centre of Townsville with many business' along the stretch including Stockland Shopping Centre, QCCU head office, government agencies, finance institutions, various professional offices, service stations and retail outlets.
The retail section is locally known as Centrepoint Shopping Centre, whilst the office complex houses national and government tenants such as Queensland TAFE, Suncorp Bank and Konnect.
There are 14 tenancies in the retail centre including a chemist, bakery, hairdresser, grocer, and takeaway food shops.
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 low site coverage of approximately 37%.
The property is offered For Sale with Strong Net Yields, Upside for Future Development and High Profile Location.
It would suite a range of investors looking to for a long term multi-generational investment or a shorter term investor looking to redevelop/further develop and onsell.
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.