Townsville City Council has announced it will list its premium Thuringowa offices for sale or lease – and is open to other-use proposals – as it relocates its administrative services to its headquarters in Townsville’s CBD.
Colliers International Townsville associate director Richard Ferry said the property – at 86 Thuringowa Drive – is of significance in both scale and locale, offering 6,612 square metres of government-grade office space over two storeys, 166 car parks at ground level, on a 2.457 hectare lot, with room for future expansion.
The property has dual street frontage, with Thuringowa Drive being one of the highest-traffic arterials through Townsville’s western suburbs.
“This building is a fully-secure, well-maintained, government-grade building, with three interconnected pods, over two storeys, creating six distinct floors with generous, and flexible, layouts,” Mr Ferry said.
“The individual floor areas range from 750 square metres to over 1000 square metres, and is available as a whole, or floor-by-floor basis.”
The ground-floor library and customer service counter which receives payments for parking fines, rates and handles other customer enquiry will remain at the 86 Thuringowa Drive address.
While the building will be listed for sale or lease, Mr Ferry said council has also expressed an openness to other commercial or community proposals for the building use.
Next to the site is a five-hectare council-owned public garden, Dan Gleeson Memorial Gardens, offering green views and recreational opportunities for new tenants.
This particular site would ideally suit commercial business or government organisations which service Townsville’s western suburbs, as the western corridor continues to expand with residential growth,” Mr Ferry said.
In the past, the obvious location for such organisation has been the Aitkenvale commercial precinct, however, as we continue to expand west, Kirwan is now the obvious locale outside of the CBD.”
Mr Ferry said the site is a core asset for regional Queensland, located in the key commercial district within Townsville’s growing western suburbs, around seven kilometres from Townsville Hospital, James Cook University and Lavarack Barracks, and even closer to NQ Cowboys’ homeground and Dexus Groups’ Willows Shopping Centre which is set to undergo a $90.7 million expansion over the next 18 months.
Departments currently based at the Thuringowa site, including 300 government employees, have commenced relocation to a premium CBD building at 143 Walker St, purchased by Townsville City Council via Colliers International in January 2015 and located next to the council’s existing HQ at 103 Walker Street.
Mr Ferry said Townsville’s market has offered significant recent opportunities to investors, including the 2015 sale of the Queensland Country Credit Union building on Ross River Road, via Colliers International.
The property is for sale or lease via an expressions of interest campaign which will launch mid-February 2016. Contact Colliers International Townsville agents Richard Ferry or Neville Smith for information.