26-28 Mitchell Street, North Ward, QLD, 4810, AU

North Ward Village

Asset Description

JLL is pleased to present 'North Ward Shopping Village, Townsville’, a unique opportunity to acquire Townsville’s best neighbourhood shopping centre situated in the city’s affluent eastern suburbs.

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Attributes

Land area net

1.70 ha (17,000 m²)

Media

Investment Highlights

DOMINANT DUAL-ANCHORED NEIGHBOURHOOD SHOPPING CENTRE

Anchored by a strong trading Coles Supermarket in percentage rent & a McDonald’s drive-thru pad site driving centre visitation and MAT.

DAILY NEEDS FOCUS

North Ward Shopping Village offers 67%* of GLA underpinned by non-discretionary and daily needs retailers.

STRATEGIC LANDHOLDING

Situated on an expansive 1.70ha site in one of Townsville’s most affluent demographics benefitting from 180* metre frontage to major arterial, Eyre Street.

DEVELOPMENT UPSIDE

Favourable ‘Local Centre’ classification provides the ability to develop up to 8-storeys of residential or commercial space (STCA)

INCOME SECURITY

The centre offers an attractive 6.1-year WALE (by area) with 66%* of income generated via majors Coles (2030) & McDonald’s (2027)

ESTIMATED NET INCOME

Fully Leased Net Income of $2,305,668.

*Approximate

For Sale by Expressions of Interest closing Thursday 8^th December at 4:00pm (AEST)