153 Charters Towers Road,
Hyde Park, QLD 4812

Offices • Medical & Consulting

Key property information

Land area

Floor area

Car spaces

Property extent

Sold on

Map of 153 Charters Towers Road

Directions

Multi-Tenancy Investment II 8% Net Return

Strong lease profile and tenant mix
Generous parking and exposure

- Net income of $285,858* pa (plus GST) showing a yield of 8%*
- 8 tenancies with a diverse mix of office and medical users
- Desirable tenancy sizes of 104m²* to 295m²*
- Total NLA of 1,492m²*
- Corner site totalling 1,887m² on one of Townsville's busiest roads
- Over 24,000* passing vehicles daily
- 32 on-site car parks including undercover bays
- 93%* leased with a 2 year rental guarantee provided on the only vacancy (104m²*)
- Modest current rent rates averaging $250* per m² gross, allowing for future growth

For further information or to arrange an inspection, please contact Todd Walsh at Colliers

*Approx.
^Outlines / Markups indicative only

Hyde Park, 4812 demographic data

The median household income for Hyde Park is $1,338, 11% lower than Regional Queensland's household income of $1,507. Hyde Park has a younger age profile compared to the rest of Regional Queensland (median age 37 vs 41). Property ownership data shows 55% of property owners in Hyde Park have a mortgage.

1,374

Population

$1,338 per week

Median household income

37 years

Median age

Renters

Most residents

Families

Most households