Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2000
Building Area Gross

Asset Description

JLL is pleased to offer For Sale Fairfield Central, Townsville's premier convenience retail and essential services precinct.


Situated within Idalia, 7km south of Townsville’s CBD, Fairfield Central provides outstanding income security via 65% of the centres Gross Lettable Area (GLA) leased to strong performing Woolworths and Coles supermarkets, and Kmart discount department store tenancies. The strong weighting of non-discretionary retail and strong tenant retention history further underpins cash flow security.

Investment Highlights

DESIGNED FOR CONVENIENCE

  • Efficient at-grade design facilitated by 980 car bays
  • Low management intensiveness required
  • Multiple ingress and egress points
  • Over 90% of centre GLA underpinned by non discretionary retail


INCOME SECURITY

  • Long-term leases to strong performing Woolworths, Coles and Kmart underpinning security
  • Centre WALE of 8.2 years (area)
  • 70% of gross income secured by national tenants
  • Fully Leased Net Income of $7,032,965


STRATEGIC SITE

  • Expansive 9.29ha site residing 7km south of Townsville’s CBD
  • Convenient triple street frontage providing unparalleled accessibility, gaining exposure to 24,400 passing cars daily


VALUE-ADD POTENTIAL

  • 1.07ha of additional land ensures for significant development potential, including Large Format Retail, Tavern, Fast Food, Fuel and Additional Ancillary Retail
  • Favourable District Centre Zoning allows for a variety of value-add outcomes (STCA)
  • At the heart of a high growth residential catchment
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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