Freestanding CBD Building with Three Self-Contained Tenancies

260-264 Sturt Street is located on the busiest street in Townsville's CBD, surrounded by professional office and retail users.
This well maintained, two storey CBD building is fully tenanted with businesses such as House of Vows wedding events, a massage clinic, and a café/gaming spot that is currently refurbishing 260 Sturt Street.

• Total land area: 506 sqm
• Total building area: 511 sqm
• Includes two ground floor commercial tenancies totalling 393 sqm (260 & 264 Sturt St)
• 260 Sturt Street: 190 sqm - Leased until 21/05/2029 (with a 3 year option)
• 262 Sturt Street: 118 sqm - Leased until 30/06/2029
• 264 Sturt Street: 203 sqm - Leased until 23/04/2027
• Rear onsite parking for 4 vehicles including 2 secure undercover
• Zoning: Principal Centre (CBD)

The property is subject to three leases producing a net income of $52,261.09 per year plus GST (approx).

For Sale: $780,000 ex GST

For more information please contact Ray White Commercial Townsville.

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.