Townsville Commercial Property News

West Australian-based syndicator Properties & Pathways has expanded its Queensland holdings by snapping up a large format retail centre in Townsville for $16 million as retail transactions in the state jump.

Swedish fashion retailer H&M, which has focused its local expansion on Australia’s capitals, will this year roll out stores in the Queensland regional cities of Townsville and Rockhampton. This article originally appeared on theaustralian.com.au/property.

A former mental hospital in Charters Towers is being given a $40 million overhaul that will turn the site into a masterplanned community, unique to the region.

Cast your commercial property radar beyond the capital cities and there are bargains to be found, with sumptuous investment yields approaching 10%.

For little more than the price of the average home in Sydney, you can own a basketball facility that just last year belonged to a professional team.

A Salvation Army building known as the “People’s Palace” and operated as a cheap hotel for 104 years has sold for more than $2.7 million.

A prime 2.96ha waterfront development site in the heart of Townsville’s Breakwater Marina and near the Townsville Entertainment and Convention Centre has been placed on the market.

SCA Property Group has followed news of a 23% profit lift with the purchase of Townsville’s Annandale Central Shopping Centre.

One of Townsville’s most popular pubs has been listed for sale in a move that is expected to attract interest from investors looking to secure a presence in North Queensland’s hospitality industry.