Iconic Local Townsville Institution | Located 5km* from the CBD

Description

CBRE in conjunction with CBRE and First Asset Management are pleased to present Otto’s Market Warrina for sale via Expressions of Interest. The opportunity has the following investment highlights:
+ 100% secured by a single, head lease until 2031
+ 2,328 sqm* fresh food and retail precinct featuring a carefully crafted mix of local businesses and Townsvilles only ice skate rink
+ 5,340sqm* site with triple street frontage and 52 car parks on title
+ Fixed 2% annual rent increases
+ All outgoings recoverable by the tenant (excluding management fees)
+ Located 5km* south-west of the Townsville CBD, Warrina sits within the Currajong area, an established residential and commercial hub, positioned moments from multiple national retailers
+ Net Income $629,000pa + GST (as at 1 November 2025) For Sale via Expressions of Interest Closing 12pm AEST Tuesday 9 December 2025.
*Approx.

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Neville Smith Senior Director
0400 068 205
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Currajong, QLD

3-11 Illuka Street

For Sale by Expression of Interest

This property is part of Portfolio 181

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