Share this property

Colliers International - Townsville
Directions

235 Flinders Street East Townsville City, QLD 4810

Directions

Sold

235 Flinders Street EastTownsville City, QLD 4810

Shop & Retail
Sold Price

Contact Agent

Land area

304.0m²

Floor area

310.0m²

Car spaces

2

Parking info

2 on site parks at rear accessed via Melton Terrace

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

20 May 2019

ENTRY LEVEL CBD INVESTMENT

  • Diverse income stream from dual tenants
  • Street to street CBD parcel with parking
  • Significant upside in below market rents
This entry level CBD asset is ideally positioned on a 304 m²* street to street parcel in Townsville’s premier entertainment precinct of Flinders St East and boasts two individual restaurant tenancies on separate floors with two rear car parks. Each tenancy boasts full kitchen facilities at the rear connected to grease traps along with their own M/F amenities.

The ground floor of 126 m²* is occupied by Taj Mahal Indian Cuisine and the upper floor of 184 m²* is occupied by Wild Rice Laos & Thai Cuisine, both of which are long standing successful offerings in this location.

With a combined rental of $50,000 pa gross and significant upside in the current rental rates, investment into this property and the resurging Townsville CBD should ensure consistent returns and capital growth in the years to come.

For more information or to arrange an inspection, please contact exclusive marketing agents:

James Pascoe, Colliers International

Property ID: 502983626Last Updated: 20 May 2019

0411 *** ***
Colliers International - Townsville
235 Flinders Street East
Townsville City, QLD 4810

Colliers International - Townsville

Level 1, 42 Sturt Street
TOWNSVILLE CITY, QLD 4810

Agency contacts

Colliers International - Townsville

View Profile

Colliers International - Townsville

Level 1, 42 Sturt Street
TOWNSVILLE CITY, QLD 4810
progress tick

Sending email...

Email enquiry

James Pascoe

Send to:

James Pascoe
Colliers International - Townsville
235 Flinders Street East 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