City Lane & City Arcade, Townsville QLD

JLL is pleased to offer for sale a 100% freehold interest in City Lane & City Arcade, Townsville's first creative laneway precinct offering future development potential in the heart of the CBD.

• Long-term cash flow security underpinned by 100% occupancy and strong 9.0-year WALE (area)
• Majority of tenant leases structured on a favourable net basis with strong fixed annual reviews between 3.00%-4.00%
• Expansive 8,625sqm site within rapidly expanding Townsville CBD
• Significant value-add potential, underpinned by desirable Principal Centre Zoning and exsiting development approval
• Prime fully leased complex with 65% of centre GLA underpinned by long-term leases to Woolworths and James Cook University
• Large focus on non-discretionary retail, with over 70% of gross income underpinned by essential service tenants
• Direct beneficiary of the council’s revitilisation program - set to add 30,000 people both living and working in the city by 2030
• Fully Leased Net Income of $2,920,511

Expressions of Interest closing Wednesday 13th April 2022 at 4:00pm (AEST)

All information approximate and as at 30 June 2022