3-11 Illuka Street,
Currajong, QLD 4812
Shops & Retail
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Award Winning Supermarket with 12 Year Net Lease
Ray White Commercial QLD is pleased to offer for sale Otto's Market Warrina, a vibrant shopping arcade comprising a mix of a supermarket, boutique food outlets, local businesses and Townsville's only ice skating rink, all under one head lease.
WHAT
• The centre is anchored by a single head net lease to Otto's Market, a thriving retail destination for locals with over 40 years of history at the centre
• A diverse mix of 17 specialty stores all operating under the Otto's head lease
• Comprising 2,551sqm* of GLA situated prominently on a 5,340sqm* site
• Offering 103 on-site car parks with access to the centre available from three streets
WHERE
• Situated less than 5km from the Townsville CBD, Queensland's largest regional city home to a population of approximately 200,000 people, and estimated to boom by over 57% through 2036
• Townsville's infrastructure development is underpinned by the multi-billion dollar City Deal, delivering such projects as the Townsville Stadium, Port of Townsville upgrade and Haughton Pipeline.
WHY
• A single 12-year head net lease with Otto's paying for all outgoings, including land tax
• Otto's hold management rights over the centre, making it a true passive investment
• An established, thriving and award winning tenant seeking to expand further
• Fully leased net income of $615,501 + GST p.a
WHAT
• The centre is anchored by a single head net lease to Otto's Market, a thriving retail destination for locals with over 40 years of history at the centre
• A diverse mix of 17 specialty stores all operating under the Otto's head lease
• Comprising 2,551sqm* of GLA situated prominently on a 5,340sqm* site
• Offering 103 on-site car parks with access to the centre available from three streets
WHERE
• Situated less than 5km from the Townsville CBD, Queensland's largest regional city home to a population of approximately 200,000 people, and estimated to boom by over 57% through 2036
• Townsville's infrastructure development is underpinned by the multi-billion dollar City Deal, delivering such projects as the Townsville Stadium, Port of Townsville upgrade and Haughton Pipeline.
WHY
• A single 12-year head net lease with Otto's paying for all outgoings, including land tax
• Otto's hold management rights over the centre, making it a true passive investment
• An established, thriving and award winning tenant seeking to expand further
• Fully leased net income of $615,501 + GST p.a
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Property ID: 504054907Last Updated: 30 Aug 2023
04503042...
3-11 Illuka Street
Currajong, QLD 4812
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