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


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

Offices • Shop & Retail • Other

Price information

Sale - Expression of Interest

Please Contact Agent

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Map of 'City Point', 101 Sturt Street

  • Train stations within 5 km of 'City Point', 101 Sturt Street, Townsville City, QLD 4810Distance
    Townsville Station1.5 km
  • 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

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.


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

Agency contacts

JLL - Brisbane
Central Plaza One Level 39, 345 Queen Street
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Jacob Swan
JLL - Brisbane
'City Point', 101 Sturt Street Townsville City, QLD 4810

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

Kind Regards,

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