Neighbourhood Shopping Centre With Immediate Upside

RWC Retail are proud to present Garbutt Central, for sale

|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)
• Passing Net Income of $857,701 + GST p.a
• Estimated Fully Leased Net Income of $1,023,301 + 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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