SOLD - Townsville - High Yielding Asset Leased to ASX Listed Giant - 4,054 sqm Site

Cushman & Wakefield is pleased to present to the market 190-196 Nathan Street, Aitkenvale (Townsville) for Sale via Offers to Purchase.

The property has the following key characteristics:

• Renewed 5 year lease + options to 2032
• Viva Energy Australia - ASX listed tenant providing one quarter of Australia’s fuel requirements, market capitalisation of $2.8 Billion
• Shell Coles Express operate a network of 1,250 unmistakable service stations across the country
• Successful, high profile & strong performing site with tenant in occupation 30+ years
• Prime location within 300m of major Woolworths/Big W anchored Stockland Townsville Shopping Centre & Coles/Kmart Aitkenvale
• Seamlessly integrated with major Tavern, Subway/Dominos convenience centre & next to McDonald’s
• Well configured site with 85m frontage to Bruce Highway & 34,933 vehicles passing daily
• Townsville - Resilient QLD city boasting a multi-faceted $12.38 Billion economy with a population of 195,032
• Tenant pays all outgoings incl. Management Fees & excl. Land Tax
• Minimum 3% annual rent increases
• Net Income $377,643 pa + GST

For more information please contact the exclusive property professionals at Cushman & Wakefield.