PROPERTY WEBSITE: https://bit.ly/iMCommercialPresents291FlindersStreetTownsvilleCity
Introducing the historic, circa 1920 Kodak House, this exceptional two-story commercial property is consciously updated and extensively renovated, harbouring a historical charm with modern functionality. Enjoying a premier location within the heart of Townsvilleâs CBD, this property presents a premium opportunity to an astute investor to secure a scarcely offered holding.
Proudly situated on a 505m2 (approx.) allotment along the lively Flinders Street, this inter-war architecturally designed colonial classic terrace is walking distance of restaurants, cafe, shops and amenities. Offering a generous total lettable area of 810m2 and purposefully configured to accommodate three separate tenancies with an abundance of opportunities.
The entire building, balcony and secure rear car park are fully occupied under an impressive, new ten-year triple net lease to an exclusive tenant, with options to extend. The well-established tenant operates a highly acclaimed massage, beauty and well-ness centre, relishing on the high exposure the location provides.
Beyond the paved terrace and expansive veranda, the ground floor adorns recently laid flooring, renovated shower and washroom, new kitchenette, and new purpose-built treatment areas. Meandering up the stairs to established treatment spaces, the washrooms are refurbished, luxury spa and shower rooms are newly incorporated aimed to provide a truly remarkable spa experience. On the rooftop, a 10KW solar panel system is newly installed.
This property presents an extraordinary and rare commercial real estate opportunity that combines a historic allure with modern functionality, and a reliable high-yielding income for the keen investor. The new ten-year triple net lease, along with the recent extensive renovations and potential for future tenancy configurations, positions this property as an unparalleled long-term investment opportunity with stability and versatility.
Contact Eliza at IMCommercial today to schedule an inspection and explore the potential that this property holds for your investment portfolio.
Disclaimer: All Information provided Is deemed reliable but not guaranteed. Buyers are advised to perform their own due diligence and verification.
