Multi Tenanted CBD Investment Property

Denham Arcade is a well known landmark from yesteryear in the Townsville's CBD housing various office, retail and service related businesses. 4 individual strata titled lots, configured as 5 tenancies are now offered to the market subject to leases producing a gross income of $47,320 per annum + GST.

- Suite 5 (43m2): Leased to Leads Consultants
- Suite 6 (36m2): Leased to Sturrock Grindrod Maritime
- Suite 7 (54.20m2): Vacant, being advertised for lease at $1,200 per month + GST
- Suite 7a (52.80m2): Leased to Eraza Laser Clinic
- Suite 8 (127m2): Leased to Betty Blue Cafe

The property will benefit from future rental growth in a recovering CBD market.

Major works have been carried out to modernise the arcade including a full refurbishment of the common areas and bathrooms in 2014 and a new roof installed late 2018.

This property was unaffected by the floods in February 2019 and would ideally suit investors or owner occupiers.

For further information of to arrange an inspection please contact Ray White Commercial today.

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