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101 Sturt Street
Townsville City QLD 4810
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Sold on 31 Mar 2021

101 Sturt Street Townsville City QLD 4810

  • Offices
  • 5,047 m²
  • Sold

Secure Government Leased Asset

JLL are pleased to exclusively present 'City Point' at 101 Sturt Street, Townsville to the market A highly defensive office investment underpinned by Queensland State Government and Commonwealth Bank of Australia.

'City Point' is a well-connected, centrally located building that offers a staggered lease expiry profile and a WALE of over 5 years, with fixed review mechanisms in place across all leases.

*Approximate

101 Sturt Street is being offered for sale via Expressions of Interest closing Thursday, 25 February 2021 at 4pm (AEST).

Extensively refurbished asset providing 5,047sqm* (NLA) of high-quality office/retail accommodation
5.05 Year WALE (as at April 2021) with a staggered lease expiry profile
Fully leased net income of $1,661,392p.a* + GST reflecting a below market average gross rent of $397/sqm
Income secured by leases to Department of Emergency Services (31%)^, Department of Housing & Public Works (37%)^, Queensland Police Service (19%)^, Commonwealth Bank of Australia (11%)^.
3.00% - 4.00% fixed annual reviews provide strong annualised growth throughout investment cycle
A highly connected 4,066sqm* site within walking distance to the recently refurbished Flinders Street precinct and several other core amenity and infrastructure.
An unrivalled town centre basement car parking ratio of 1:45 (112 bays);
64% of total income with a minimum of 6 years remaining and options to extent further
Set to benefit from an expanding Townville economic base

JLL Brisbane
JLL Brisbane
Central Plaza One,
Brisbane City, QLD 4000

Property Highlights

Date Sold31 Mar 2021
Floor Area5,047 m²
Land Area4,066 m²
EnergyAsk Agent
ParkingOn site parking available
Property ID2016761159
Category
Last updated  24 Jan 2023
Map for 101 Sturt Street Townsville City QLD 4810

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JLL Brisbane
JLL Brisbane
Central Plaza One,
Brisbane City, QLD 4000

Property Highlights

Date Sold31 Mar 2021
Floor Area5,047 m²
Land Area4,066 m²
EnergyAsk Agent
ParkingOn site parking available
Property ID2016761159
Category
Last updated  24 Jan 2023

Co-Agents

Elliott O'Shea
Elliott O'Shea
JLL Brisbane
Call
+61 413 838 717
Jacob Swan
Jacob Swan
JLL Brisbane
Call
+61 402 704 896

More about 101 Sturt Street Townsville City QLD 4810

101 Sturt Street Townsville City QLD 4810 is categorized as Office. It has a floor area of 5,047 m². The listing ID for this property is 2016761159.

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