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Lot 74/30-34 Palmer Street
South Townsville, QLD 4810
$420,000
Overview
Tenanted Palmer Street retail tenancy
This modern, freestanding, strata-titled commercial building offers a well-designed open-plan retail space, ideal for various business uses. The property includes a dedicated bathroom and a kitchenette, providing essential amenities for staff and customers alike.
Situated with one on-site car park located at the rear, the property ensures convenient parking for tenants and visitors. The building and land area both measure 30 square meters, making it a compact yet functional space suitable for retail operations.
The property is currently subject to a new three-year lease agreement with a barber studio tenant, generating a net income of approximately $24,431 per year plus GST. This lease arrangement provides a stable income stream for investors seeking commercial rental returns.
Located on Palmer Street, this property benefits from being in Townsville's premier accommodation and dining precinct. The street hosts around 800 hotel rooms, attracting over 240,000 guests annually. This high foot traffic, combined with a strong local customer base, makes the location highly desirable for retail businesses.
Overall, this commercial retail tenancy presents an excellent opportunity for investors or business owners looking to establish themselves in a vibrant and sought-after area of South Townsville.
Location
South Townsville QLD 4810
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 30 sqm |
Market Insights for South Townsville QLD 4810
Other properties in this postcode
Sale: $575,000 / Lease: $58,520 p.a. + GST Gross
1/95 Denham Street, Townsville City QLD 4810
Low to Mid $600,000's
38/38 Morehead Street, South Townsville QLD 4810
Offers Over $679,000
19/34 Bundock Street, Belgian Gardens QLD 4810
Offers Over $649,000
11/177-179 Mitchell Street, North Ward QLD 4810
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
