Offers Circa 10% | High Yielding Retail Investment In Booming Regional Growth Corridor

48 Mosman Street , Charters Towers City QLD

Property Highlights

Longstanding anchor tenant
Investment with fixed increases
Versatile building in CBD
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Description

Burgess Rawson is pleased to offer to the market 48 Mosman Street, Charters Towers City QLD for sale via Offers to Purchase.

The opportunity has the following key investment highlights:

+ Dual tenanted investment leased to Uniting Church of Australia (t/a Lifeline) & Oceanic Square Pty Ltd (t/a Overflow)
+ Anchored by a five (5) year lease to Overflow to September 2026 plus options to 2031
+ Overflow: part of the Prices Plus group operating 25+ discount department stores throughout Queensland and New South Wales
+ Supported by a three (3) year head office lease to Lifeline until December 2025
+ Uniting Care (Lifeline): leading provider of social services throughout Australia, supporting 1.4 million people annually with $1.7 billion of revenue reinvested into the community and $2.3 billion in total assets owned
+ Highly sought-after 2,252sqm* site positioned in the heart of the Charters Towers CBD
+ Purpose built 1,100sqm* showroom for Overflow circa 1999
+ Fixed 3% increases across both tenancies, ensuring long term rental growth
+ Low maintenance block construction complex
+ Adjoining 3,643sqm* developable land parcel also available for consideration
+ Located 136km* north-west of Townsville, Charters Towers offers a rich history with an economy underpinned by agriculture, mining and tourism
+ Net Income: $159,300 pa* + GST

For sale via Offers to Purchase.

Please contact the exclusively appointed sales team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
2,252 SQM
Building Area
1,100 SQM

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