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515-593 Sturt Street, Townsville City, Qld 4810

515-593 Sturt Street, Townsville City, Qld 4810

Showrooms/Bulky Goods

  • For Sale
  • $9,500,000
  • Sale by Negotiation

  • Land Area
  • 0.76ha (1.88 acres) (approx)
  • Floor Area
  • 3,000 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • May 13, 2021

Additional Details


Interested in this property? Contact an Agent today

Ray White Commercial - Gold Coast

Level 2, 50 Cavill Avenue

Surfers Paradise Qld 4217

Michael Willems

10 YEAR LEASE TO MAJOR TENANT - NET $600,000* P.A. + OUTGOINGS (6.3% NET YIELD)

Michael Willems of Ray White Commercial is pleased to present to the market 515-593 Sturt Street, Townsville.

This 7,590m2* property is situated in the heart of Townsville City with 161m* of main road frontage and has been home to the Townsville Nissan Dealership since 1970. With a current 10 year lease (until 2029) and a further 3 x 5 year options, don't miss this golden opportunity to acquire this fantastic investment right here in the heart of Townsville.

Features include:
• Net income $600,000* p.a. + GST + outgoings + increases
• 10 year lease (ends 31/8/2029) with 3 x 5 year options
• Home of Nissan dealership since 1970
• Surrounded by other major brands
• High exposure on main traffic road with easy access
• Land area 7,590m2* with 161m* of main road frontage
• Motivated seller with very clear instructions
• Don't miss this outstanding opportunity

*Approximately

Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any

515-593 Sturt Street, Townsville City, Qld 4810

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