Cannon Park City Centre & Discount Centre, 52 Hervey Range Road,
Thuringowa Central, QLD 4817
Shops & Retail • Hotel, Motel & Leisure
Price information
Sale - Expression of Interest
Contact agent
Key property information
Land area
Floor area
Parking info
Property extent
Tenure type
Private inspections
to arrange a private inspection.
JLL - Sydney
Level 27, 180 George StreetSYDNEY, NSW 2000
Cannon Park City Centre & Discount Centre, 52 Hervey Range Road
Thuringowa Central, QLD 4817
Map of Cannon Park City Centre & Discount Centre, 52 Hervey Range Road
Bus stops within 5 km of Cannon Park City Centre & Discount Centre, 52 Hervey Range Road, Thuringowa Central, QLD 4817 Distance High Range Dr at Cannon Park Cinemas 123 m Pioneer Dr at Sunland Plaza 267 m Riverway Dr Near Gregory St 460 m Willows Shopping Centre 615 m Kern Brothers Dr at Wellesley Drive 799 m POWERED BY HERE ©
POWERED BY HERE ©
Townsville's most successfull entertainment destination
- Large freehold land holding
- Anchored by international operators
- Unrivalled income security
JLL is pleased to present for sale the Cannon Park Entertainment Precinct, an 11,000 sqm precinct across two centres, anchored by a 2,011 sqm Reading Cinema(s) on a brand-new 10-year lease renewal and further supported by 11 lifestyle and dining operators. Neighbouring the centre is a 20 lane Kingpin Bowling facility (3,500 sqm), accompanied by a gymnasium and other government-based service tenants. The assets boast a secure tenant profile with internationally recognised anchor tenants, nationally branded specialties and service providers.
Reading Cinemas Townsville is the largest and only cinema in the south-western corridor of Townsville dominating the large Western catchment with little competition. The only other cinemas in Townsville are 8km and 12.5km away, both in the north-easterly direction.
The precinct is available for sale via expressions of interest, closing Wednesday 3rd July at 4:00pm (AEST).
- Key community asset & long-term tenant retention. Established in 1996, the precinct has long been a premier destination for both tenants and customers it is firmly established as the entertainment hub and commercial heart of suburban Townsville.
- Large freehold land holding with favourable zoning. Prominent 3.8* hectare freehold site (combined) benefiting from over 150m of street exposure to the major arterial Hervey Range Road. Both sites are currently zoned Major Centre which will allow for a mixed range of future development opportunities.
- Strong income growth forecast. Majority of tenant’s rent reviews are 2-4% fixed annual reviews
- Dominant performance & lack of competition. Reading Cinemas Townsville is the largest and only Cinema in the south-western corridor of Townsville dominating the large Western catchment with little competition. Recording strong MAT performance of over $4.5 million as at April 2024.
- Exceptional income security. City Centre is anchored by Reading Cinemas, with a new 10-year renewal of lease in place, covering 2,011 sqm of GLA, accommodated by an attractive offering of food & beverage and essential service providers. Discount Centre is anchored by Kingpin Bowling which occupies 3,500 sqm of the centre’s GLA, on a 10 year lease term expiring in April 2034.
Reading Cinemas Townsville is the largest and only cinema in the south-western corridor of Townsville dominating the large Western catchment with little competition. The only other cinemas in Townsville are 8km and 12.5km away, both in the north-easterly direction.
The precinct is available for sale via expressions of interest, closing Wednesday 3rd July at 4:00pm (AEST).
- Key community asset & long-term tenant retention. Established in 1996, the precinct has long been a premier destination for both tenants and customers it is firmly established as the entertainment hub and commercial heart of suburban Townsville.
- Large freehold land holding with favourable zoning. Prominent 3.8* hectare freehold site (combined) benefiting from over 150m of street exposure to the major arterial Hervey Range Road. Both sites are currently zoned Major Centre which will allow for a mixed range of future development opportunities.
- Strong income growth forecast. Majority of tenant’s rent reviews are 2-4% fixed annual reviews
- Dominant performance & lack of competition. Reading Cinemas Townsville is the largest and only Cinema in the south-western corridor of Townsville dominating the large Western catchment with little competition. Recording strong MAT performance of over $4.5 million as at April 2024.
- Exceptional income security. City Centre is anchored by Reading Cinemas, with a new 10-year renewal of lease in place, covering 2,011 sqm of GLA, accommodated by an attractive offering of food & beverage and essential service providers. Discount Centre is anchored by Kingpin Bowling which occupies 3,500 sqm of the centre’s GLA, on a 10 year lease term expiring in April 2034.
Property ID: 504602580Last Updated: 30 May 2024
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Sending email...
Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.