Townsville Commercial Property News

The property industry has called for some lateral thinking to create jobs and investment, stimulate the Townsville CBD and develop land that can be put to better use.

If investors are as hungry as the customers at this strip of shops in Townsville, there’ll be plenty of potential buyers ready to put it on their menu. The retail hub, which has eight shops …

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.

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.

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.

Cast your commercial property radar beyond the capital cities and there are bargains to be found, with sumptuous investment yields approaching 10%.

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.

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.

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.