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Secure Freehold Investment, Government + Medical – Circa 9% Yield

281-285 Ross River Road, Aitkenvale QLD

Property Highlights

Renewed leases to Gov. & Surgeon
Fully leased with longstanding tenants
Guaranteed rent growth
Register to Bid

Description

+ Secure income from Essential Service tenants
+ New lease to Government
+ New leases to Plastic & Reconstructive Surgery
+ Long standing tenants: Mater Health Services, Arthur J Gallagher (Fortune 500 Insurance Broker), Queensland Government & Queensland Plastic Surgery
+ Guaranteed rent growth – Fixed annual increases of 3.5%, 3.0% & 2.5%
+ Large 2,428 sqm site with 61 metre frontage to Ross River Road – a six lane road and major arterial connecting Townsville CBD to the residential suburbs
+ Well-designed, modern building constructed in 2006 with net lettable area of 1,624 sqm
+ 4-star NABERS Energy rating
+ Important 45 car parks on title with a mix of undercover and open air parking options
+ Excellent location within a medical precinct, only 300m to Stockland Shopping Centre, Centrelink & the Australian Tax Office
+ Townsville: The capital of North Queensland and Australia’s largest city north of Sunshine Coast with population of 195,430
+ Townsville’s economy is thriving with a Gross Regional Product of $11.74 Billion. The largest industry is Health Care & Social Assistance
+ Net Income: $459,548.77 pa + GST

Auction
10:30am AEST
Wednesday 24 June

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
2,428 SQM
Building Area
1,624 SQM

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