Skip to main content
SearchBack to results

101 Sturt Street Townsville City QLD 4810

  • Offices
  • 5,047 m²
  • For Sale, Please Contact Agent

Secure Government Leased Asset

    JLL are pleased to exclusively present City Point at 101 Sturt Street, Townsville to the market A highly defensive office investment underpinned by Queensland State Government and Commonwealth Bank of Australia.

    'City Point' is a well-connected, centrally located building that offers a staggered lease expiry profile and a WALE of over 5 years, with fixed review mechanisms in place across all leases.

    *Approximate

    101 Sturt Street is being offered for sale via Expressions of Interest closing Thursday, 25 February 2021 at 4pm (AEST).

    Extensively refurbished asset providing 5,047sqm* (NLA) of high-quality office/retail accommodation
    5.05 Year WALE (as at April 2021) with a staggered lease expiry profile
    Fully leased net income of $1,661,392p.a* + GST reflecting a below market average gross rent of $397/sqm
    Income secured by leases to Department of Emergency Services (31%)^, Department of Housing & Public Works (37%)^, Queensland Police Service (19%)^, Commonwealth Bank of Australia (11%)^.
    3.00% - 4.00% fixed annual reviews provide strong annualised growth throughout investment cycle
    A highly connected 4,066sqm* site within walking distance to the recently refurbished Flinders Street precinct and several other core amenity and infrastructure.
    An unrivalled town centre basement car parking ratio of 1:45 (112 bays);
    64% of total income with a minimum of 6 years remaining and options to extent further
    Set to benefit from an expanding Townville economic base

    Property Highlights

    Property ID2016761159
    Floor Area5,047 m²
    Land Area4,066 m²
    EnergyAsk Agent
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  27 Jan 2021
    Map for 101 Sturt Street Townsville City QLD 4810
    Map for 101 Sturt Street Townsville City QLD 4810101 Sturt Street Townsville City QLD 4810

    Property Highlights

    Property ID2016761159
    Floor Area5,047 m²
    Land Area4,066 m²
    EnergyAsk Agent
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  27 Jan 2021
    JLL Brisbane
    Level 39 Central Plaza One, 345 Queen Street Brisbane City QLD 4000

    More Properties for Sale from JLL Brisbane

    36-52 Duckworth Street Garbutt QLD 4814
    For SaleContact Agent
    36-52 duckworth street,garbutt, QLD 4814
    7,167 m²
    Offices
    Part of Lot 64 on SP291400 / proposed Lot 1 Springfield Central QLD 4300
    For SaleContact Agent
    part of lot 64 on sp291400 / proposed lot 1,springfield central, QLD 4300
    40,000 m²
    Shop & Retail
    22 Simpson Street Mount Isa QLD 4825
    For SaleContact Agent
    22 simpson street,mount isa, QLD 4825
    9,685 m²
    Shop & Retail
    Contact Agent