Land

26-28 Mitchell Street

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

26-28 Mitchell Street_Property for Sale

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26-28 Mitchell Street 2_Property for Sale

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. 

Attributes

Land area net
4.20 acres (182,987 sf)

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 8th December at 4:00pm (AEST)

26-28 Mitchell Street 4_Property for Sale
26-28 Mitchell Street 4_Property for Sale

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Last updated
Nov 30, 2022