THE PRECINCT – TOWNSVILLE’S FIRST URBAN VILLAGE On behalf of the Vendor, Colliers International and Ray White Commercial (Qld) are proud to exclusively offer an exciting new direction in food retailing - The Precinct
The Precinct is a dining and retail destination underwritten by a creative mix of fresh and gourmet food, fast food and restaurant offerings. Inspired by the southeast QLD market concept of James Street, Brisbane the design and positioning is bolstered by the centers high income demographic in the adjoining Fairfield catchment and neighboring high affluent area of Annandale.
'The Precinct' - Townsville's Gourmet Food Emporium - Investment Opportunity The 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...
Highly Exposed Corner Location - Building area 390sq.m (approx)
- Land area 2,233sq.m
- Refurbished improvements with large outdoor sales area
- Full site under concrete
- Existing washdown area
- Opportunity to expand or redevelop
- High volume of passing traffic and exposure to signalised intersection
- Offered with vacant possession
For further details or to arrange an inspection please contact:-
THE PIE STOP Well established business with healthy turnover and good profits. The Pie Stop is renowned for it’s delicious home made pies and use only the freshest of ingredients to produce a top quality product. It also offers a range of delicious cakes and other pastries, fresh sandwiches and rolls, coffee and soft drinks etc.
Located in a busy retail complex on a major highway it enjoys good passing trade and has a secure lease in place. There is an excellent fitout with impressive commercial kitchen and cold room, masses of storage space and comfortable eat in facilities.