390-396 Flinders Street, Townsville City
Retail
Inner City CBD Golden Opportunity
Land Area: 1.1012 m2
NLA (Net Lettable Area): 2,852m2
Zone: Business or Centre (Central Business District)
RPD L36-37 111860
Located in the heart of the Townsville CBD with two street frontages this inner city offering has a high level of amenity including access to public transport huge exposure as you walk through the arcade from one street to another.
Verve design group have proposed a DA for total refurbishment of the premises which we can provide plans for upon request. This modern design offers 3 floors of short-term accommodation with a total of 20 studio apartments.
This 4-storey building which has office accommodation is now under conversion to an approval for Airbnb accommodation for the ever-emerging tourist and backpacker market. The ground floor has tenancies varying in size from 26m2 to 154m2 with a total of 11 tenancies on the ground floor.
Currently, there are only two tenants operating as the building has had demolition works completed. Optus and Townsville Council returning a total of $50,831.00 .
Previous to demolition works for the Airbnb approval construction the total income was $249,606.46 at a 60% Occupancy from past rental ledgers.
The CBD provides a range of retail, service, dining and entertainment facilities. Office floor space comprises a large proportion of total space in the CBD.
Major tenants include Government agencies food retailers and private companies.
The demolition works have commenced, and the opportunity now awaits the astute investor/developer to reap the rewards.
This is a rare opportunity in the heart of the city to complete a vision that the current owner has spent so much time and expense to create. There is holding income and massive upside with this freehold opportunity. The rental demand for this type of accommodation is unprecedented.
Please contact Costa Bousgas on 0412 576 566 for more information.
*Disclaimer: The above information has not been verified. We advise you to confirm the accuracy of details before entering into a contract. Amir Prestige and its employees cannot be held responsible for any inaccurate details supplied here.
NLA (Net Lettable Area): 2,852m2
Zone: Business or Centre (Central Business District)
RPD L36-37 111860
Located in the heart of the Townsville CBD with two street frontages this inner city offering has a high level of amenity including access to public transport huge exposure as you walk through the arcade from one street to another.
Verve design group have proposed a DA for total refurbishment of the premises which we can provide plans for upon request. This modern design offers 3 floors of short-term accommodation with a total of 20 studio apartments.
This 4-storey building which has office accommodation is now under conversion to an approval for Airbnb accommodation for the ever-emerging tourist and backpacker market. The ground floor has tenancies varying in size from 26m2 to 154m2 with a total of 11 tenancies on the ground floor.
Currently, there are only two tenants operating as the building has had demolition works completed. Optus and Townsville Council returning a total of $50,831.00 .
Previous to demolition works for the Airbnb approval construction the total income was $249,606.46 at a 60% Occupancy from past rental ledgers.
The CBD provides a range of retail, service, dining and entertainment facilities. Office floor space comprises a large proportion of total space in the CBD.
Major tenants include Government agencies food retailers and private companies.
The demolition works have commenced, and the opportunity now awaits the astute investor/developer to reap the rewards.
This is a rare opportunity in the heart of the city to complete a vision that the current owner has spent so much time and expense to create. There is holding income and massive upside with this freehold opportunity. The rental demand for this type of accommodation is unprecedented.
Please contact Costa Bousgas on 0412 576 566 for more information.
*Disclaimer: The above information has not been verified. We advise you to confirm the accuracy of details before entering into a contract. Amir Prestige and its employees cannot be held responsible for any inaccurate details supplied here.