Brand New Retail Convenience Centre | National Tenants – 10, 12 & 15 Year Leases
4 Carrington Street , West End QLD
Property Highlights
Description
Burgess Rawson is pleased to offer to the market ‘217Central’ located at 217-219 Ingham Road (previously known as Carrington St), West End (Townsville).
The property has the following investment highlights:
+ National tenants: Zambrero (10 year lease), Banjo’s (12 year lease), QLD chain operator: Hoppy’s Car Wash (15 year lease) and Miss Sushi (5.5 year lease)
+ Tenants pay all outgoings as per the leases
+ Annual fixed 3%, CPI and CPI +1% rent increases
+ Prime corner site on intersection of two major arterial roads
+ Brand new development due for completion September 2022
+ GFA of 662sqm*
+ WALE by income – 10.2 years
+ Only 4km* to Townsville City CBD
+ High exposure 4,388sqm* site
+ Ultimate convenience centre with 4 drive-thru tenancies
+ Estimated depreciation of $389.800 in first 12 months (Circa 70% of annual income)
+ Townsville: capital of North Queensland with a growing population of over 200,000*
+ Net Income: $559,081 pa* + GST
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
**images – artist impressions
Property Details