Fully Leased Retail Centre With Upside

Ray White Retail are proud to present 39 Gregory Street, North Ward (Townsville), QLD. For sale by Auction on Friday 3rd July 2026, 9:45am (AEST) at Level 26, 111 Eagle Street, Brisbane City

|What|
• 265sqm* fully leased retail centre
• Low-maintenance building with only three tenants, ideal for passive investing
• Locked in 3% annual rental reviews
• 2.00 Year WALE
• Net Income of $123,113 + GST p.a.

|Where|
• 506sqm* inner-Townsville landholding
• Bustling retail precinct adjacent to the North Ward Shopping Centre (Coles)
• Convenient street parking in front of the property
• Townsville - the capital of North Queensland with a growing population and billions in defence, healthcare and infrastructure investment

|Why|
• DA approval for future expansion of a new 104sqm* tenancy
• Scope for immediate and long-term rental uplift, with average base rent of $505/sqm*
• Long-term development upside of up to 8 storeys

* approximately

Explore the area

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.