Skip to main content
3-11 Illuka Street
Currajong QLD 4812
SearchBack to results
Sold on 9 Jun 2022

3-11 Illuka Street Currajong QLD 4812

  • Shop & Retail
  • 2,551 m²
  • Sold

Award Winning Supermarket with 12 Year Net Lease

    Ray White Commercial QLD is pleased to offer for sale Otto's Market Warrina, a vibrant shopping arcade comprising a mix of a supermarket, boutique food outlets, local businesses and Townsville's only ice skating rink, all under one head lease.

    WHAT
    • The centre is anchored by a single head net lease to Otto's Market, a thriving retail destination for locals with over 40 years of history at the centre
    • A diverse mix of 17 specialty stores all operating under the Otto's head lease
    • Comprising 2,551sqm* of GLA situated prominently on a 5,340sqm* site
    • Offering 103 on-site car parks with access to the centre available from three streets

    WHERE
    • Situated less than 5km from the Townsville CBD, Queensland's largest regional city home to a population of approximately 200,000 people, and estimated to boom by over 57% through 2036
    • Townsville's infrastructure development is underpinned by the multi-billion dollar City Deal, delivering such projects as the Townsville Stadium, Port of Townsville upgrade and Haughton Pipeline.

    WHY
    • A single 12-year head net lease with Otto's paying for all outgoings, including land tax
    • Otto's hold management rights over the centre, making it a true passive investment
    • An established, thriving and award winning tenant seeking to expand further
    • Fully leased net income of $615,501 + GST p.a

    Property Highlights

    Date Sold9 Jun 2022
    Floor Area2,551 m²
    Land Area5,340 m²
    Parking103 x Onsite parkings
    Virtual TourView Tour
    Property ID2017750805
    Category
    Last updated  28 Jun 2022
    Map for 3-11 Illuka Street Currajong QLD 4812

    Property Highlights

    Date Sold9 Jun 2022
    Floor Area2,551 m²
    Land Area5,340 m²
    Parking103 x Onsite parkings
    Virtual TourView Tour
    Property ID2017750805
    Category
    Last updated  28 Jun 2022
    Level 26 111 Eagle St Brisbane City QLD 4000

    More Shop & Retail for Sale in Currajong QLD

    Sold
    unit 1/264-278 woolcock street,currajong, QLD 4812
    355 m²
    Shop & Retail
    Sold
    15-17 hammett street,currajong, QLD 4812
    403 m²
    Shop & Retail
    Sold
    3-11 illuka street,currajong, QLD 4812
    2,551 m²
    Shop & Retail