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1-3/251 Ross River Road, Aitkenvale, QLD, 4814

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1-3/251 Ross River Road, Aitkenvale, QLD, 4814

Aitkenvale

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1-3/251 Ross River Road, Aitkenvale, QLD, 4814

Aitkenvale

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1-3/251 Ross River Road, Aitkenvale, QLD, 4814

1-3/251 Ross River Road, Aitkenvale, QLD, 4814

Properties / Sold / Queensland / Aitkenvale
Tenanted Investment
Selling Method
Auction
Selling Details
Price on Request
Land Area
4,550 m² (*approx)
Floor Area
2700 m² (*approx)
Property Type
Industrial, Retail, Other
Sub-type
Office/Warehouse, Strip Retail, Mixed Use
Terms
Ten (10) year net lease to Greencross Vets with option to 2034, Supported by eight (8) year net lease to Pet HQ with option to 2032
Est. Income
$477,705 p/a
Fully Leased
Greencross Vets, Pet HQ
Show All
High Profile Large Format Retail Underpinned by Industry Giants
  • High exposure corner site
  • Attractive CPI reviews
  • Favourable zoning

Burgess Rawson is pleased to offer to market Units 1-3, 251 Ross River Road, Aitkenvale (Townsville) QLD, to be sold in one line via Offers to Purchase.

This opportunity has the following key investment highlights:

+ Ten (10) year net lease to Greencross Vets with option to 2034

+ Greencross Vets: subsidiary of publicly listed private equity firm TPG & superannuation giants AustralianSuper & HOOPP, currently operating as Australia’s largest veterinary services provider with a 18.9% compound AGR in sales revenue#

+ Supported by eight (8) year net lease to Pet HQ with option to 2032

+ Pet HQ: privately operated pet supplies store, on-site since 2004

+ Landlord favourable CPI rental reviews (last review at 7.8%)

+ Diversified income over 2,700sqm* NLA retail/showroom with 2 year rental guarantee on vacancy, ensuring income security

+ Favourable Mixed-Use zoning, offering long-term flexibility to accommodate a broad range of uses including retail, medical/allied health and commercial office tenants

+ Situated on a commanding 4,550sqm* corner site with dual street frontage, offering exposure to 25,000 passing vehicles daily^

+ Three individually titled lots allowing for flexible ownership structure

+ Optimally located between Townsville University Hospital and Mater Private Hospital, offering strategic positioning that benefits future medical uses

+ Conveniently positioned near major retailers such as BP, Caltex, Dan Murphy’s as well as Townsville’s premier shopping village, Stockland Shopping Centre, which is underpinned by major retailers Myer, Coles, Woolworths, Big W & 132 specialty tenants

+ The Townsville Region: home to one of the most diverse economies in regional Australia, generating a Gross Regional Product (GRP) of $15.892 billion*

+ Net Income: $477,705 pa* + GST

For Sale by Offers to Purchase.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

#AFR

^Townsville City Council

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

1-3/251 Ross River Road Investment Summary

Property Type
Industrial, Retail, Other
Sub-type
Office/Warehouse, Strip Retail, Mixed Use
Est. Income
$477,705 p/a
Tenant
Greencross Vets, Pet HQ
Terms
Ten (10) year net lease to Greencross Vets with option to 2034, Supported by eight (8) year net lease to Pet HQ with option to 2032
Land Area
4,550 m² (*approx)
Floor Area
2700 m² (*approx)
Selling Method
Auction
Selling Details
Price on Request

Investment Highlights

High Profile Large Format Retail Underpinned by Industry Giants
  • High exposure corner site
  • Attractive CPI reviews
  • Favourable zoning

Burgess Rawson is pleased to offer to market Units 1-3, 251 Ross River Road, Aitkenvale (Townsville) QLD, to be sold in one line via Offers to Purchase.

This opportunity has the following key investment highlights:

+ Ten (10) year net lease to Greencross Vets with option to 2034

+ Greencross Vets: subsidiary of publicly listed private equity firm TPG & superannuation giants AustralianSuper & HOOPP, currently operating as Australia’s largest veterinary services provider with a 18.9% compound AGR in sales revenue#

+ Supported by eight (8) year net lease to Pet HQ with option to 2032

+ Pet HQ: privately operated pet supplies store, on-site since 2004

+ Landlord favourable CPI rental reviews (last review at 7.8%)

+ Diversified income over 2,700sqm* NLA retail/showroom with 2 year rental guarantee on vacancy, ensuring income security

+ Favourable Mixed-Use zoning, offering long-term flexibility to accommodate a broad range of uses including retail, medical/allied health and commercial office tenants

+ Situated on a commanding 4,550sqm* corner site with dual street frontage, offering exposure to 25,000 passing vehicles daily^

+ Three individually titled lots allowing for flexible ownership structure

+ Optimally located between Townsville University Hospital and Mater Private Hospital, offering strategic positioning that benefits future medical uses

+ Conveniently positioned near major retailers such as BP, Caltex, Dan Murphy’s as well as Townsville’s premier shopping village, Stockland Shopping Centre, which is underpinned by major retailers Myer, Coles, Woolworths, Big W & 132 specialty tenants

+ The Townsville Region: home to one of the most diverse economies in regional Australia, generating a Gross Regional Product (GRP) of $15.892 billion*

+ Net Income: $477,705 pa* + GST

For Sale by Offers to Purchase.

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

#AFR

^Townsville City Council

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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Property Location of 1-3/251 Ross River Road, Aitkenvale, QLD, 4814

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1-3/251 Ross River Road, Aitkenvale, QLD, 4814 Aitkenvale
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