2/30 Lakeside Drive Idalia QLD 4811

JLL is pleased to offer For Sale Fairfield Central, Townsville's premier convenience retail and essential services precinct.

Situated within Idalia, 7km south of Townsville's CBD, Fairfield Central provides outstanding income security via 65% of the centres Gross Lettable Area (GLA) leased to strong performing Woolworths and Coles supermarkets, and Kmart discount department store tenancies. The strong weighting of non-discretionary retail and strong tenant retention history further underpins cash flow security.

DESIGNED FOR CONVENIENCE
Efficient at-grade design facilitated by 980 car bays
Low management intensiveness required
Multiple ingress and egress points
Over 90% of centre GLA underpinned by non discretionary retail

INCOME SECURITY
Long-term leases to strong performing Woolworths, Coles and Kmart underpinning security
Centre WALE of 8.2 years (area)
70% of gross income secured by national tenants
Fully Leased Net Income of $7,032,965

STRATEGIC SITE
Expansive 9.29ha site residing 7km south of Townsville's CBD
Convenient triple street frontage providing unparalleled accessibility, gaining exposure to 24,400 passing cars daily

VALUE-ADD POTENTIAL
1.07ha of additional land ensures for significant development potential, including Large Format Retail, Tavern, Fast Food, Fuel and Additional Ancillary Retail
Favourable District Centre Zoning allows for a variety of value-add outcomes (STCA)
At the heart of a high growth residential catchment