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74 Charters Towers Road
281 FLINDERS STREET
TOWNSVILLE CITY
SALE / LEASE
INFORMATION MEMORANDUM
INFORMATION MEMORANDUM
CONTENT
EXECUTIVE SUMMARY
3
LOCATIONAL MAPS
4
LOCATION OVERVIEW
5
PLAN
6
DEMOGRAPHICS
7
PHOTOS
8
RATES
9
INSURANCE
10
CONTACT AGENT
11
INFORMATION MEMORANDUM
EXECUTIVE SUMMARY
281
Flinders Street
DESCRIPTION
The subject property is a one story building with approximately 4.3m frontage to the CBD’s
retail strip, Flinders Street. The building is also accessed from the rear of the property where
there is a one-car garage, accessed from Sturt Street. The current tenant, Off Ya Tree, has
leased the premises since 2008 and will be vacating mid-May, opening an opportunity for a
new retailer to lease or an owner-occupier to purchase.
LOCATION:
Located on Flinders Street, opposite The Brewery and Northtown, and in between the
Cowboys Supporters Club and Perc Tucker Gallery, in the heart of the CBD. The Cotters
Markets are held on the street in front of the tenancy every Sunday, adding to the 7 day foot
traffic.
For more information please refer to Locality Maps.
REAL PROPERTY DESCRIPTION:
Lot 1 on Registered Plan 701665: County of ELPHINSTONE Parish of COONAMBELAH
SITE AREA:
242m²
NET LETTABLE AREA:
143m²
RENTAL:
$500 per m2 + GST Gross ($5,958.33 per month + GST)
OUTGOINGS:
Gross Lease
CAR PARKING:
One car park at rear of building included in rent. Access via Sturt Street.
AVAILABILITY:
Monday 18th May 2015
FOR SALE:
Via Expressions of Interest
INFORMATION MEMORANDUM
LOCATIONAL MAPS
281
Townsville City
Flinders Street
INFORMATION MEMORANDUM
LOCATION OVERVIEW
281
Flinders Street
•
Located on the CBD Retail Strip
•
Nestled amongst a cluster of retailers, banks, offices, Aus Post, Woolworths, JCU city
campus
•
Opposite popular bar & restaurant The Brewery
•
Opposite Northtown Shopping Centre
•
Cotters Markets held every Sunday in the street in front of this property
•
Seven day trade
•
Surrounded by office and residential towers
•
Close to Townsville Bulletin Square (with numerous coffee shops), and the pedestrian
bridge that links to the Palmer Street Dining Precinct
•
Benefit from hotel guests of the Holiday Inn and soon to be built Mantra Hotel
30,000 residents and workers in the CBD by 2030
– Townsville CBD Master Plan
INFORMATION MEMORANDUM
PLAN
281
Flinders Street
INFORMATION MEMORANDUM
DEMOGRAPHICS
281
Flinders Street
“Townsville is unlike any other city in Australia. No city of comparable
size has quite the connection into the future prosperity of the Australian
nation as does Townsville. Townsville’s next phase of growth is likely to
accrue the critical mass in population to transform from regional centre
to a metropolitan centre’” – Bernard Salt.
Townsville is the largest city in northern Australia with an estimated population of 180,389
in 2011 projected to reach between 254,416 and 313,595 in 2031. Townsville is a popular
lifestyle destination with resulting high levels of migration and population growth.
With a diversified and stable economy, Townsville’s major contributors to the economy are
military, government, health, mining, manufacturing, education and transport.
Townsville is the key commercial centre for the broader North Queensland area, boasting
two Universities, CQU and JCU, both of whom draw students from this large catchment
area.
The strong, diversified economy of Townsville provides a solid foundation for business
growth. In the CBD, consistent population growth, business investment and increased
residential development are attracting more pedestrian traffic to the area.
The objective of the Townsville CBD Master Plan for 30,000 people to be living and
working in the inner-city by 2030 will be supported by the overall strength and stability of the
regional economy as well as the rapidly improving amenity and critical mass of the CBD.
Some of the major findings from demographic research include:
•
Townsville has a higher average income per capita than any other regional
centre within Australia’s 20 largest cities
•
Townsville residents have the highest average disposable income among
Australia’s largest regional urban centres
•
Townsville’s inner city residents are becoming increasingly more educated with
higher incomes than the metropolitan average
•
Townsville is the economic powerhouse of North Queensland, averaging
population growth of over 2% per annum
•
Townsville’s CBD based population is set to more than double over the next
15 years
•
Townsville’s inner city growth profile is likely to transform the CBD retail and
services over the next decade
•
The next phase of growth is likely to see Townsville accrue the critical mass in
population to transform from regional centre to metropolitan centre
•
Townsville is expected to become one of Australia’s Top 10 Biggest Cities
within the next 10 years
INFORMATION MEMORANDUM
PHOTOS
281
Flinders Street
INFORMATION MEMORANDUM
RATES
281
Flinders Street
INFORMATION MEMORANDUM
INSURANCE
281
Flinders Street
INFORMATION MEMORANDUM
CONTACT AGENT
281
Contact Exclusive Marketing Agents Colliers International Townsville for more
information or to arrange an inspection:
Flinders Street
Kim Addison
Executive | Commercial
Direct + 61 7 4722 2418 | Mobile+ 61 417 457 547
Main +61 7 4722 2444 | Fax +61 7 4721 2811
[email protected]
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INFORMATION MEMORANDUM