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The Precinct, 12-18 Village Drive Idalia QLD 4811

  • Shop & Retail
  • 3,697 m²
  • For Sale, Closing 31 August 2022 at 4pm (AEST)

Thriving Convenience Retail Centre

    Ray White Commercial QLD are proud to present The Precinct, Townsville at 12-18 Village Drive & 40-42 Stuart Drive, Idalia. On offer is the ultimate convenience offering in Townsville anchored by Otto's Market and supported by numerous national and international chains including 3 drive-throughs.

    |WHAT|
    • A convenience-based retail centre, the first urban village of its kind in Townsville
    • Offering 3,692sqm of lettable area spread across 4 buildings including 3 drive-throughs
    • Anchored by Otto's Market - an award-winning premium supermarket and "foodie haven"
    • Supported by Red Rooster, Pizza Hut, Night Owl, Subway, Nando's, Cellarbrations and Noodlebox
    • Strategically positioned on a commanding 1.44ha site providing 147* car parks

    |WHERE|
    • Just 5km from the Townsville CBD, with outbound slip lane access along Stuart Drive (24,000 vehicles daily)
    • Within 5km of James Cook University - the 2nd oldest university in Queensland - and Lavarack Barracks - the largest army barracks in Australia.
    • Surrounded by significant traffic generating amenities including a BP, McDonald's, a Medical Centre and Townsville's largest sporting hub Brolga Park, which is set to undergo a $2.5 million redevelopment.

    |WHY|
    • A secure diversified income stream from national and local tenants
    • Longstanding chains who have tenanted for over 10 years since The Precinct's construction
    • Otto's Market is one of the most exciting supermarket brands in Queensland, with 4 locations across Townsville and a significant online following
    • Estimated fully leased net income of $1.6 million and a WALE of 5.66 years (by income)

    * Approx.

    Property Highlights

    Floor Area3,697 m²
    Land Area1.44 ha
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Virtual TourView Tour
    Property ID2017974402
    Category
    Last updated  5 Aug 2022
    Map for The Precinct, 12-18 Village Drive Idalia QLD 4811

    Property Highlights

    Floor Area3,697 m²
    Land Area1.44 ha
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Virtual TourView Tour
    Property ID2017974402
    Category
    Last updated  5 Aug 2022
    Level 26 111 Eagle St Brisbane City QLD 4000
    Lachlan O'Keeffe
    Lachlan O'Keeffe
    Ray White Commercial (QLD)
    Michael Feltoe
    Michael Feltoe
    Ray White Commercial (QLD)

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