1. Home
  2. »
  3. Sold Properties
  4. »
  5. Multi tenanted CBD Investment or owner occupier with on s...

412 Flinders Street, TOWNSVILLE QLD, 4810

Sold

Property Sold in 412 Flinders Street, TOWNSVILLE QLD, 4810

Listing ID:
11361769
Status:
Sold
Price:
$1,250,000
Last Updated:
24/02/2020
Icon building

Property Type

Retail/Offices
Icon square

Land Area

506 SQM
Icon size

Floor Area

544 SQM
Icon parking

Parking

8

Multi tenanted CBD Investment or owner occupier with on site parking

This immaculately maintained two-story building is located in Townsville's main street, opposite the new Woolworths & City Arcade development. The Townsville CBD Super Stadium is under construction only 300 metres away and the new Townsville Bus & transport hub has been completed in Ogden Street to the rear of this property.

The ground floor tenancy of 267 sqm is leased to Mary Who bookshop which is a well known and longstanding local institution in the book world and a licensed ABC retailer.

The first-floor professional office tenancy of 277 sqm is leased to a national environmental engineering firm Alluvium. This tenancy has a high-quality fit-out including shower and changing facilities and is capable of housing up to 15 staff. A $30,000 renovation was completed for Alluvium which included a shower/change room and kitchen upgrade.

Both levels are self-contained and have access to the secure rear car park with electric gate access with room for 8 vehicles.

The property is subject to commercial leases producing a current net income of $92,444.02 per annum + GST.

There is an upside in the rental income currently being achieved for the first-floor office. A reduced rental of $130 per sqm gross was agreed to for a 2-year term whilst major works in the CBD were completed.

412-414 Flinders Street is an exceptional opportunity to enter the tightly held Townsville CBD Market with strong returns and great future potential.

Contact marketing agents Ray White Commercial to receive a copy of the information memorandum or to inspect.

For more details, please email agent


Video & Interactive Tour
Btn video

Ray White Commercial Townsville

Suite 2, 41 Sturt Street, Townsville, QLD 4810


More properties from Ray White Commercial Townsville
Leased
2/11-19 Aitken Street, AITKENVALE QLD, 4814

2/11-19 Aitken St...

Showrooms/Bulky GoodsRetailIndustrial/Warehouse
For Lease
23 Fleming Street, AITKENVALE QLD, 4814

23 Fleming Street...

Industrial/Warehouse
For Lease
41 Denham Street, TOWNSVILLE CITY QLD, 4810

41 Denham Street,...

RetailMedical/ConsultingOffices
For Lease
3A/60 Keane Street, CURRAJONG QLD, 4812

3A/60 Keane Stree...

Industrial/Warehouse
Leased
31-35 Oonoonba Road, IDALIA QLD, 4811

31-35 Oonoonba Ro...

Industrial/Warehouse
For Sale
315 Dalrymple Road, GARBUTT QLD, 4814

315 Dalrymple Roa...

Land/Development
More properties from Townsville
Leased
7/41 Denham, TOWNSVILLE QLD, 4810

7/41 Denham, TOWN...

RetailOffices
For Sale
106 Denham St, TOWNSVILLE QLD, 4810

106 Denham St, TO...

OfficesMedical/ConsultingRetail
For Lease
139- 149 Stanley Street, TOWNSVILLE QLD, 4810

139- 149 Stanley ...

Offices
For Sale & Lease
815 Flinders Street, TOWNSVILLE QLD, 4810

815 Flinders Stre...

RetailOffices
Sold
412 Flinders Street, TOWNSVILLE QLD, 4810

412 Flinders Stre...

RetailOffices
For Lease
209 Flinders Street, TOWNSVILLE QLD, 4810

209 Flinders Stre...

OfficesMedical/ConsultingRetail
Loading...