Vincent Market Place, Townsville - Significant Value-Add Potential
249 Fulham Road, Townsville City QLD 4810
For Sale by Private Negotiation
RetailSize: n/a
Block size: 1.51 Hectares approx.
Vincent Market Place is an established neighbourhood shopping centre comprising a total lettable area of 5,066sqm, anchored by a 3,143sqm Woolworths Supermarket plus The Reject Shop and 10 specialty tenancies and 2 ATM's. The complex features convenient parking for 213 vehicles including 71 shade covered parking bays.
Vincent Market Place is centrally located in the established suburb of Vincent within 8 kilometres of the Townsville Central Business District (CBD).
Key highlights include:
- Enclosed convenience-based neighbourhood centre
- 5,066sq m* centre on a 1.507 ha* high exposure corner site featuring excellent exposure and access
- 3,143sq m* Woolworths supermarket plus The Reject Shop and 10 specialty shops
- ASX listed Woolworths and The Reject Shop secure around 75%* of rental and lettable area
- Daily-needs focus with tenancy mix including groceries, food, liquor and service tenants
- Attractive 6.9-year* WALE (by area) with Woolworths secured on a rare 20-year lease to 2033 + 4 x 10 year options to 2073
- Immediate value-add opportunity to enhance income
- Net income $1,063,393p.a.* (fully leased estimate)
*Approx.
For Sale by Private Negotiation.
Vincent Market Place is centrally located in the established suburb of Vincent within 8 kilometres of the Townsville Central Business District (CBD).
Key highlights include:
- Enclosed convenience-based neighbourhood centre
- 5,066sq m* centre on a 1.507 ha* high exposure corner site featuring excellent exposure and access
- 3,143sq m* Woolworths supermarket plus The Reject Shop and 10 specialty shops
- ASX listed Woolworths and The Reject Shop secure around 75%* of rental and lettable area
- Daily-needs focus with tenancy mix including groceries, food, liquor and service tenants
- Attractive 6.9-year* WALE (by area) with Woolworths secured on a rare 20-year lease to 2033 + 4 x 10 year options to 2073
- Immediate value-add opportunity to enhance income
- Net income $1,063,393p.a.* (fully leased estimate)
*Approx.
For Sale by Private Negotiation.
Inspections
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Key details
Property type:
Retail
Block Size:
1.51 Hectares*
Other Details
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Block information
Block size: 1.51Hectares (approx)
No block information available
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SummaryMedian sales
Average Age
40 years
Population
2,945
Listing ID: 181820094. This listing has been viewed 5 times. It was first displayed on 02/08/2023 and last updated on 12/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.