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151 Flinders Street
Townsville City QLD 4810
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151 Flinders Street Townsville City QLD 4810

  • Hotel, Motel, Pub & Leisure
  • 1,150 m²
  • For Sale, Asking Price - $4,500,000

"Exchange Hotel" - Fully Leased Investment Opportunity - 7.5% Yield

  • Fully Leased Investment
  • 7.5% Yield
  • Long Standing Tenants

- Located in the entertainment precinct of Townsville "Flinders Street East"
- Leased to "Heritage Exchange Bar" on the ground floor, "Showbar" on the top floor
- Long-standing tenants - "Heritage Exchange Bar" has been a tenant for some 7 years, "Showbar" for 11 years approximately
- Net income: $336,654* pa net (GST exclusive)
- Both tenancies feature well-appointed venues
- Major refit and refurbishment undertaken in 2010 at a cost of $3,200,000
- Land area: 1,089m²
- Total floor Area: 1,145m²*
- Property is to be sold on an "as is, where is" basis

For further information or to arrange an inspection, please contact Angelo Castorina or Peter Wheeler at Colliers.

*Approx.
^Outlines / markups indicative only.

Property Highlights

Floor Area1,150 m²
Land Area1,089 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019044778
Category
Last updated  13 May 2024
Map for 151 Flinders Street Townsville City QLD 4810

Property Highlights

Floor Area1,150 m²
Land Area1,089 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019044778
Category
Last updated  13 May 2024

Co-Agents

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