High Yielding Medical and Professional Office Building - Renewed 10 Year Lease to Medical Surgery
Cushman & Wakefield are pleased to present to the market 281-285 Ross River Road, Townsville for sale via an Expressions of Interest campaign closing Thursday 16 May 4pm.
The property has the following key characteristics:
• Long standing tenants, excellent occupancy history
• 10 year lease to multi-practice medical surgery
• Arthur J Gallagher - NYSE Fortune 500 Insurance company, market cap of $14.15 Billion
• Mater Health Services - Healthcare giant
• Queensland Government - North Queensland Persistent Pain Management Service
• Guaranteed rental growth - fixed 4% and 3.5% increases
• Large 2,428 sqm site with important and convenient 45 on title car parks plus on street parking
• High profile 60m frontage to major arterial road
• 300m to Stockland Townsville - Myers, Woolworths, BWS, Medibank, Comm Bank + more
• Strategically located amongst - Medical Centre, QML Pathology, Centrelink and Max Employment
• Townsville - Capital of North QLD, population of 186,757. GRP $13.38 Billion
• Net income $471,122 pa + GST
For more information please contact the Exclusive agents at Cushman & Wakefield.