249-251 Flinders Street (commonly referred to as 41 Denham Street) is located right in the heart of Townsville's CBD at the corner of Flinders Street and Denham Street.
The property features a masonry block, two storey commercial building configured as ground-floor retail shops and first-floor professional offices. The fully leased ground floor includes 7 tenancies totalling 705 sqm. These tenants include a convenience store, hair salon, construction company, town planner, beauty salon and others.
The first floor includes 9 tenancies totalling 906 sqm. 5 of these are leased to tenants including Herron Todd White property valuers, China Navigation Co, Shine for Kids and others. 4 of the first floor offices are vacant and subject to a 12-month rental guarantee from the Seller.
There is an extra-large digital billboard and a static billboard on the facia of the property facing the intersection that generates an additional $30,000 per annum.
The 1,480 sqm freehold site boats 24 secure on-site car parks which are accessed via Melton Terrace. Key features include a prime CBD location, small to medium size tenancies on both levels which are affordable and suitable for a wide variety of tenants, easy access, secure on-site parking and low maintenance.