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2. Property Highlights

Anchored by National Tenant with 6.5 Year WALE
  • Multi tenanted, long standing anchor
  • $40k pa rental upside within 18 months
  • Net rental of $300k plus - WALE 6.5 yrs

Tenanted Investment For Sale: 1 - 7 Rendle Street, Aitkenvale QLD 4814

Invest in the promising future of Townsville with this high performing asset, anchored by the national tenant 'Big River Group' which is further bolstered by the adjoining three tenancies providing a diverse income stream. The property is ideally positioned in Aitkenvale which is extremely central and ideal for those industrial users offering a retail component to their business. Its location is only 600m* from Stockland Shopping Centre, Townsville's largest centre.

The site consists of six regular shaped 1,012sqm lots with street frontage to Rendle, Anne and Fleming Streets totaling 216.4m, including 104m to Anne Street. The site and building also boast drive through capabilities, 6 vehicle access points and is mostly concreted apart from minimal landscaping ensuring minimal maintenance. The site allows for additional development, particularly expansion for the anchor tenant, securing their tenure for many years to come.

Boasting 4 tenancies totaling 2,930sqm which consists mostly of a steel framed iron cladded showroom / warehouse leased to the anchor tenant 'Big River Group' and 'Narellan Pools' as well as a single level block constructed office / retail building leased to 'Addesso' and 'Affaire de Hair'. The main structure is also fitted with 120 solar panels and a 29.9kW inverter benefiting all tenants.

The asset produces more than $300,000 pa net plus GST with considerable rental growth in the very near future, it boasts a 6.5 year weighted average lease expiry and offers considerable expansion potential for the anchor tenant making this a highly sort after investment property.

For more information or to arrange an inspection, please contact exclusive marketing agents at Pascoe Commercial

Remember to mention you found this property on CommercialReady

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3. Property Location

1-7 Rendle Street, Aitkenvale QLD 4814

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4. Due Diligence

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