235 Flinders Street East,
Townsville City, QLD 4810

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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

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Townsville City, 4810 demographic data

The median household income for Townsville City is $2,013, 34% higher than Regional Queensland's household income of $1,507. Townsville City has a younger age profile compared to the rest of Regional Queensland (median age 39 vs 41). Property ownership data shows 44% of property owners in Townsville City have a mortgage.

2,945

Population

$2,013 per week

Median household income

39 years

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