316 Sturt Street, TOWNSVILLE CITY QLD 4810
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- 26 Oct 2016
High Returning CBD Investment with a Diverse Income Stream
Consisting of two titles, this well positioned property at the Sturt Street gateway to the CBD is also adjacent to the Flinders Street West ‘Central’ development and is now available for sale as a tenanted investment. The property’s location is paramount opposite the master planned ‘Central’ development which includes more than 500 residential apartments, retail, professional offices and an abundance of free parking. The precinct is anchor tenanted by Event Cinemas and flanked by food retailers on the ground floor. A highly sort after location to say the least.
This property consists of two main buildings for sale in one line only;
316 – 324 Sturt Street which is a solid masonry brick constructed two level office building with basement parking. It offers a total net lettable area through seven tenancies over both floors of 1,226 m2 and an approximate gross floor area of 1600 m2 in total. It currently returns circa $290,000 pa gross with potential rental upside through some below market rental rates as well as increasing car parking and storage charges.
511 – 515 Flinders Street West is a solid concrete constructed single level office / retail building with rear car parking. With five tenancies, it totals a net lettable area of 732 m2 and approximately 900 m2 of gross floor area. It currently returns circa $160,000 pa gross with potential for some rental upside through slightly below market rental rates as well car park charges.
The total site area is 2,552 m2 with a 24.1 metre frontage to Sturt Street and 16.3 metre frontage to Flinders Street West and boasts a total of 44 secure car parks on site including 20 under cover.
This fully tenanted investment with more than 12 tenants in place produces a diverse rental stream and offers flexibility through potentially sub dividing and creating two solid CBD investments.
For more information or to arrange an inspection, please contact: James Pascoe: 0411 296 070
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
316 Sturt Street TOWNSVILLE CITY