Brand New Retail Convenience Centre | National Tenants – 10, 12 & 15 Year Leases

4 Carrington Street , West End QLD

Property Highlights

National tenants
Tenant pays all outgoings
Brand new development
Register to Bid

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
4,388 SQM
Building Area
662 SQM

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