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High Profile Tenanted Investment with Low Site Coverage

262-272 Ross River Road, AITKENVALE QLD, 4814

For Sale

Property for Sale in 262-272 Ross River Road, AITKENVALE QLD, 4814

Listing ID:
11305825
Status:
Active
For:
Sale
Price:
$8,250,000
Last Updated:
12/12/2019
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Property Type

Retail/Offices/Medical/Consulting
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Land Area

9108 SQM
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Floor Area

3200 SQM
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Parking

130

High Profile Tenanted Investment with Low Site Coverage

Offered to the market for the first time is this substantial Retail and Office complex situated on the golden mile of Aitkenvale offering approximately 3500m2 of NLA and further development opportunities.

Aitkenvale is the geographic centre of Townsville with many business' along the stretch including Stockland Shopping Centre, QCCU head office, government agencies, finance institutions, various professional offices, service stations and retail outlets.

Zoned mixed use there options to develop are many and varied.

The retail building is approx. 1400m2. The office building is Approx. 1800m2 over two levels with PWD access. There are two free standing converted commercial houses of approx. 300m2.
These buildings are serviced by multiple carparks.

The retail section is locally known as Centrepoint Shopping Centre, whilst the office complex houses national and government tenants such as Queensland TAFE, Suncorp Bank and Konnect.

There are 14 tenancies in the retail centre including a bakery, hairdresser, grocer, bedding retailer, and takeaway food shops.

The property boasts 6 titles fronting the intersection of Ross River Road and Anne Streets and 3 titles fronting Patrick Street. There is access points from all Streets with a drive-thru car parking. Frontage to Ross River Road is approximately 120 meters.

The property has low site coverage of approximately 37%.

The property is offered For Sale with Strong Net Yields, Upside for Future Development and High Profile Location.

It would suite a range of investors looking to for a long term multi-generational investment or a shorter term investor looking to redevelop/further develop and onsell.

For full details of the site and tenancy schedules contact Ray White Commercial. Agent Tony Parker 0419 677798

For more details, please email agent


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