Townsville Commercial Property News

Townsville commercial property news, commercial real estate market data, business news and insights.

News
Investors come hard for Queensland retail properties
West Australian-based syndicator Properties & Pathways has expanded its Queensland holdings by snapping up a large format retail centre in Townsville for $16 million as retail transactions in the state jump.
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Retail giant H&M to open regional stores
Swedish fashion retailer H&M, which has focused its local expansion on Australia’s capitals, will this year roll out stores in the Queensland regional cities of Townsville and Rockhampton. This article originally appeared on theaustralian.com.au/property.
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Mental asylum becomes residential community
A former mental hospital in Charters Towers is being given a $40 million overhaul that will turn the site into a masterplanned community, unique to the region.
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Investors chase soaring yields in Townsville
Cast your commercial property radar beyond the capital cities and there are bargains to be found, with sumptuous investment yields approaching 10%.
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NBL team’s old digs still chasing buyer
For little more than the price of the average home in Sydney, you can own a basketball facility that just last year belonged to a professional team.
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‘People’s Palace’ finds new rulers
A Salvation Army building known as the “People’s Palace” and operated as a cheap hotel for 104 years has sold for more than $2.7 million.
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Trophy waterfront site floated in Townsville
A prime 2.96ha waterfront development site in the heart of Townsville’s Breakwater Marina and near the Townsville Entertainment and Convention Centre has been placed on the market.
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SCA continues big week with $33m Townsville buy
SCA Property Group has followed news of a 23% profit lift with the purchase of Townsville’s Annandale Central Shopping Centre.
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Investor thirst tipped for Townsville watering hole
One of Townsville’s most popular pubs has been listed for sale in a move that is expected to attract interest from investors looking to secure a presence in North Queensland’s hospitality industry.
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