Knight Frank is pleased to present for sale this exceptional investment opportunity located at 316-324 Sturt Street & 511-513 Flinders Street, Townsville City.
The asset offers a unique opportunity to secure a multi tenanted commercial investment with diversified income located in Townsville, the capital of North Queensland and Australia's largest city north of the Sunshine Coast.
Key Features Include:
- Annual gross income of $424,777 + GST
- 10 tenancies providing a diverse income stream with allied health and office tenants
- 2-year rental guarantees provided on vacant tenancies
- Rental upside available with an average rental rate of under $220 per sqm gross + GST
- Located in the heart of Townsville's CBD
- High profile 2,552 sqm * site with two street frontages
- Total NLA 1,901 sqm *
- 38 on-site car parks including 17 undercover
For further information or to arrange an inspection, please contact Dan Place or Mark Fitzgerald at Knight Frank.
*Approximately.
