Lots 2 & 3, 579- 581 Ross River Road, Kirwan, QLD 4817

Retail | Offices | Medical

Sold $2,300,000

  • Property ID: 425008
  • Floor Area: 802m²
  • Land Area: 802m²
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 31/05/2023 802m2 802m2 N/A
Multi Tenanted Investment Property

Lots 2 & 3, 579-581 Ross River Road also known as Forest Avenue Shopping Centre is ideally located on one of Townsville's busiest roads surrounded by a large residential catchment area.

Forest Avenue Shopping Centre comprises of tenanted retail and professional offices configured as 11 separate tenancies totaling 802 square metres of net lettable area. The complex currently only has one vacancy located on the ground floor.

The property currently returns a net income of approximately $150,427 per annum + GST.

This modern complex features three street frontage with ample on-site parking and excellent exposure to passing trade in close proximity to Willows Shopping Centre and the Riverway Leisure Centre and Sports Stadium.

For further information please contact Ray White Commercial.

Kirwan Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $2861 $273 9.54%
Industrial $2515 $144 5.75%
Retail $2515 $274 10.89%
This is the average advertised price, rent and yield for Kirwan, QLD 4817*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in QLD for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Ray White Commercial Townsville

 

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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