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383 Flinders Street Townsville City QLD 4810

  • Shop & Retail
  • 8,625 m²
  • For Sale, Contact Agent

FOR SALE | City Lane & City Arcade, Townsville QLD

    JLL is pleased to offer for sale a 100% freehold interest in City Lane & City Arcade, Townsville's first creative laneway precinct offering future development potential in the heart of the CBD.

    - Long-term cash flow security underpinned by 100% occupancy and strong 9.0-year WALE (area)

    - Majority of tenant leases structured on a favourable net basis with strong fixed annual reviews between 3.00%-4.00%

    - Expansive 8,625sqm site within rapidly expanding Townsville CBD

    - Significant value-add potential, underpinned by desirable Principal Centre Zoning and exsiting development approval

    - Prime fully leased complex with 65% of centre GLA underpinned by long-term leases to Woolworths and James Cook University

    - Large focus on non-discretionary retail, with over 70% of gross income underpinned by essential service tenants

    - Direct beneficiary of the council's revitilisation program - set to add 30,000 people both living and working in the city by 2030

    - Fully Leased Net Income of $2,920,511

    Expressions of Interest closing Wednesday 13th April 2022 at 4:00pm (AEST)

    All information approximate and as at 30 June 2022

    Property Highlights

    Floor Area8,625 m²
    Land Area8,625 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017669372
    Category
    Last updated  17 Mar 2022
    Map for 383 Flinders Street Townsville City QLD 4810

    Property Highlights

    Floor Area8,625 m²
    Land Area8,625 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017669372
    Category
    Last updated  17 Mar 2022
    Level 39 Central Plaza One, 345 Queen Street Brisbane City QLD 4000
    Jacob Swan
    Jacob Swan
    JLL Brisbane
    Ned McKendry
    Ned McKendry
    JLL Brisbane

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