Garbutt Central, Cnr Ingham Road & Hugh Street, Garbutt, QLD, 4814

RWC Retail are proud to present Garbutt Central, for sale 7.36% ($14,490,000)

|What|

• Garbutt Central is a neighbourhood shopping centre with 82% of income underpinned by non-discretionary tenants

• Anchored to 2031 by a 2,087sqm* Cornetts IGA Supermarket, who have anchored the centre since construction (2006)

• 3,593sqm* building area across three standalone buildings

• Circa 2,800sqm* land of pad-site potential, with the opportunity to redevelop or reposition two of the standalone buildings

• Ultra convenient with 150 on-site car parks

• WALE of 4.74 Years (by area)

• Estimated Fully Leased Net Income of $1,066,370 + GST p.a.

|Where|

• High-profile 11,146sqm* (1.11ha) site just 4km* West of the Townsville CBD

• Situated on one of Townsville's busiest intersections, with exposure to over 221,900* vehicles weekly

• Exceptional four-street frontage of 375m* and three points of access for customers

• Directly serviced by Townsville's busiest arterials amidst one of the city's biggest commercial and industrial hubs

• Less than 2km* from the RAAF Base and Townsville Airport

|Why|

• Built in 2006 and has been the dominant neighbourhood shopping centre in this catchment ever since

• Majority of tenants on attractive annual increases between 3% and CPI

• Numerous redevelopment options including fast food, fuel and childcare (STCA)

• Immediate rental upside opportunity to lease as is or reposition the vacant 414sqm* building

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