101 Sturt Street, Townsville

101 Sturt Street Townsville City, QLD Australia 4810
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Building Area
Land Area ()

Property Description

JLL are pleased to exclusively present ‘City Point’ at 101 Sturt Street, Townsville to the market – A highly defensive office investment underpinned by Queensland State Government and Commonwealth Bank of Australia.


'City Point' is a well-connected, centrally located building that offers a staggered lease expiry profile and a WALE of over 5 years, with fixed review mechanisms in place across all leases.


101 Sturt Street is being offered for sale via Expressions of Interest closing Thursday, 25 February 2021 at 4pm (AEST).

Investment Highlights

  • Extensively refurbished asset providing 5,047sqm* (NLA) of high-quality office/retail accommodation
  • 5.05 Year WALE (as at April 2021) with a staggered lease expiry profile
  • Fully leased net income of $1,661,392p.a* + GST reflecting a below market average gross rent of $397/sqm
  • Income secured by leases to Department of Emergency Services (31%)^, Department of Housing & Public Works (37%)^, Queensland Police Service (19%)^, Commonwealth Bank of Australia (11%)^.
  • 3.00% - 4.00% fixed annual reviews provide strong annualised growth throughout investment cycle
  • A highly connected 4,066sqm* site within walking distance to the recently refurbished Flinders Street precinct and several other core amenity and infrastructure.
  • An unrivalled town centre basement car parking ratio of 1:45 (112 bays);
  • 64% of total income with a minimum of 6 years remaining and options to extent further
  • Set to benefit from an expanding Townville economic base
Last Updated Date: 29 Apr 2021
Elliott O'Shea
Elliott O'Shea
Head of Metropolitan Sales & Investments - QLD
Jacob Swan
Jacob Swan
Joint Head of Retail Investments - Australia

There was an error submitting your request. Please try again, or submit you inquiry here.



JLL, together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 29 Apr 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.