Freestanding North Ward commercial investment

RWC Townsville is pleased to offer 71 Eyre Street North Ward for sale via Expressions of Interest, closing Friday, July 31 at 5pm.

Located in Townsville's premier seaside suburb, North Ward, this property is a short stroll from The Strand.

Features include:
• 1,565 sqm corner allotment with frontages to Eyre and Kennedy Streets
• 460 sqm floor area across two separate buildings
• 21 on-site car parks
• Configured as three tenancies, subject to two commercial leases
• Net income $108,393 per year + GST

The property is subject to two commercial leases as follows:

Tenancy 1 - McGrath Real Estate Townsville
Area: 260 sqm
Expiring 19/12/2029
5-year option

Tenancy 2 - Chubby Magpie Coffee Roasters
Area: 239 sqm (two tenancies under lease)
Expiring: 30/11/2027
Nil options

The property is located in the Local Centre Zone, which allows for a building height of up to 5 levels.

Whether you are looking for a passive investment, something to partly occupy with your own business, or an outstanding future development site, 71 Eyre Street represents a great opportunity.

Contact marketing agents RWC Townsville for further information.

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