Retail

Fairfield Central

2/30 Lakeside Drive, Idalia, QLD, 4811, AU

Fairfield Central_Property for Sale

Gallery

Fairfield Central 2_Property for Sale

Asset description

JLL is pleased to offer For Sale Fairfield Central, Townsville's premier convenience retail and essential services precinct.


Situated within Idalia, 7km south of Townsville’s CBD, Fairfield Central provides outstanding income security via 65% of the centres Gross Lettable Area (GLA) leased to strong performing Woolworths and Coles supermarkets, and Kmart discount department store tenancies. The strong weighting of non-discretionary retail and strong tenant retention history further underpins cash flow security.

Attributes

Building area gross
246,709 sf
Year built
2000

Investment highlights

DESIGNED FOR CONVENIENCE

  • Efficient at-grade design facilitated by 980 car bays
  • Low management intensiveness required
  • Multiple ingress and egress points
  • Over 90% of centre GLA underpinned by non discretionary retail


INCOME SECURITY

  • Long-term leases to strong performing Woolworths, Coles and Kmart underpinning security
  • Centre WALE of 8.2 years (area)
  • 70% of gross income secured by national tenants
  • Fully Leased Net Income of $7,032,965


STRATEGIC SITE

  • Expansive 9.29ha site residing 7km south of Townsville’s CBD
  • Convenient triple street frontage providing unparalleled accessibility, gaining exposure to 24,400 passing cars daily


VALUE-ADD POTENTIAL

  • 1.07ha of additional land ensures for significant development potential, including Large Format Retail, Tavern, Fast Food, Fuel and Additional Ancillary Retail
  • Favourable District Centre Zoning allows for a variety of value-add outcomes (STCA)
  • At the heart of a high growth residential catchment
Fairfield Central 4_Property for Sale
Fairfield Central 4_Property for Sale

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Last updated
Nov 30, 2022