Colliers International is pleased to offer for sale this fully refurbished two storey office / retail suite positioned on Flinders Street West overlooking the new Central railway developments.

The solid rendered brick federation style Flinders Terraces development consists of seven units. Each unit has a second level, featuring its own amenities, either used as first floor offices or residential apartments. This unit presents purchasers with the opportunity to acquire a prominent corner location, the largest unit in the complex, which could suit investors and owner / operators looking for first floor space as the Queensland Master Builders are entirely flexible with respect to leasing or vacating.

With the capital growth in the commercial market the dynamics of Townsville has changed significantly in recent years. This sale provides the opportunity to secure a refurbished office / retail facility with multiple income streams totaling $62,368.05 pa net, an investment grade property ideally positioned in Townsville's CBD with potential for strong rental growth.

Ground Floor: 153 m2; Lease expiry: 31/05/2010
First Floor: 149 m2; Flexible lease terms / Can be vacated
Total Net Rental: $62,368.05 pa; High yield
Zoned: CBD Retail Precinct; Car parks: 3 on site
Suits investors and owner / operators


Additional information relating to the offering can be made available upon request by contacting:
James Pascoe
0411 296 070
james.pascoe@colliers.com