• For Sale
  • Medical/Consulting Rooms
'A' Grade Investment - High Returns
'A' Grade Investment - High Returns
'A' Grade Investment - High Returns
'A' Grade Investment - High Returns
'A' Grade Investment - High Returns
'A' Grade Investment - High Returns
'A' Grade Investment - High Returns
'A' Grade Investment - High Returns

For Sale

$3,850,000 (ex GST)
Constructed originally for BBC Hardware in the mid ‘80s, the property was later converted to an office complex by Lancini Constructions in the late '90s to house a number of government departments. The property recently received its second major upgrade, completed in 2014/15 with more than $1m spent including a lot of new plant and equipment.

Consisting of four tenancies totalling 1,422 m² including a 120 m² storage component at the rear. The quality mix of tenants including State of Qld, Snap Fitness, My Pathways and one small vacancy of 171 m2. The property features an abundance of on-site parking with 44 car parks in total, including 8 covered. Based on current income it is returning 8.26% net however fully let it should return more than 9.5% net.

The property is also offered for sale with the option to purchase an adjoining residential vacant parcel of 1,012 m² for further development in the future.

This sale provides the opportunity to purchase a fully refurbished building which boasts multiple classifications permitting a range of uses including office, retail and medical while providing a diverse and secure rental stream. This investment-grade property is ideally positioned in a central location close to one of Townsville’s largest shopping centres and has the potential for strong rental growth.

For further details or to arrange an inspection, please contact Colliers International.

Ref #: 61817277-f4ec-475a-a940-a130ae

Property Details