- About this property
- Explore Idalia
'The Precinct' - Townsville's Gourmet Food Emporium - Investment OpportunityProperty ID 1552932The subject investment property offers:
A proven food based centre with the majority of tenants complementing and supporting one another;
A unique Food Hall offering, underwriting approx 25% of the centre's income, providing annual income growth and acting as a significant point of retailing difference and attraction;
A tenant mix which is very targeted to its' demographic audience;
A WALE of 3.53 years;
Three national tenant drive-thru fast food offerings;
A stable tenant history since the first stage opened for business in 2009;
Exposure to a busy arterial road and a growing population base;
Major traffic generators in the trade area include several schools; the Lavarack Army Barracks; the Murray
Sporting Complex; the GP Super Clinic; James Cook University; Fairfield Waters Estate and the RAAF Base;
Exposure to a vibrant local economy with $1 billion* of public funded projects currently underway and a
further $3.3 billion of residential development spread across some 20 estates.
Current Net Income $1,850,101 million*
If you require further information, please contact the Exclusive marketing agents today.
**This property is being sold by Private Treaty therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes
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.