Share this property

'City Point', 101 Sturt Street Townsville City, QLD 4810

Directions

'City Point', 101 Sturt Street,
Townsville City, QLD 4810

Offices • Shop & Retail • Other

Price information

Sale - Expression of Interest

Please Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Private inspections

to arrange a private inspection.

Map of 'City Point', 101 Sturt Street

Directions
  • Train stations within 5 km of 'City Point', 101 Sturt Street, Townsville City, QLD 4810Distance
    Townsville Station1.5 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 'City Point', 101 Sturt Street, Townsville City, QLD 4810Distance
    Sturt Street112 m
    Walker Street Near Stanley St114 m
    Walker St at Walker Street138 m
    Stanley Street Near Ogden St164 m
    Flinders St NR Stanley St (Hail N Ride)363 m
    POWERED BY HERE ©
POWERED BY HERE ©

Secure Government Leased Asset

JLL are pleased to exclusively present ‘City Point’ at 101 Sturt Street, Townsville to the market – A highly defensive office investment underpinned by Queensland State Government and Commonwealth Bank of Australia.
 
'City Point' is a well-connected, centrally located building that offers a staggered lease expiry profile and a WALE of over 5 years, with fixed review mechanisms in place across all leases.

*Approximate

101 Sturt Street is being offered for sale via Expressions of Interest closing Thursday, 25 February 2021 at 4pm (AEST).

• Extensively refurbished asset providing 5,047sqm* (NLA) of high-quality office/retail accommodation
• 5.05 Year WALE (as at April 2021) with a staggered lease expiry profile
• Fully leased net income of $1,661,392p.a* + GST reflecting a below market average gross rent of $397/sqm
• Income secured by leases to Department of Emergency Services (31%)^, Department of Housing & Public Works (37%)^, Queensland Police Service (19%)^, Commonwealth Bank of Australia (11%)^.
• 3.00% - 4.00% fixed annual reviews provide strong annualised growth throughout investment cycle
• A highly connected 4,066sqm* site within walking distance to the recently refurbished Flinders Street precinct and several other core amenity and infrastructure.
• An unrivalled town centre basement car parking ratio of 1:45 (112 bays);
• 64% of total income with a minimum of 6 years remaining and options to extent further
• Set to benefit from an expanding Townville economic base

Property ID: 503744070Last Updated: 29 Apr 2021

realcommercial.com.au logo
'City Point', 101 Sturt Street
Townsville City, QLD 4810

Agency contacts

JLL - Brisbane
Central Plaza One Level 39, 345 Queen Street
BRISBANE CITY, QLD 4000
View agency profile

Similar properties

Other properties you might be interested in based on the location and property type you are looking at.
progress tick

Sending email...

Email enquiry

Send to:

Jacob Swan
JLL - Brisbane
'City Point', 101 Sturt Street Townsville City, QLD 4810

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call