19 Gill Street
Charters Towers City, QLD 4820

Overview

Flagship Regional Bank Investment

This commercial property at 19 Gill Street, located in the heart of Charters Towers City CBD, presents a unique opportunity to acquire a premium income-producing asset. The premises are currently leased to Westpac Banking Corporation, one of Australia's leading banks, providing a secure and stable investment underpinned by a blue-chip tenant.

The property features a freestanding building with a gross leasable area of 522 square meters situated on an 862 square meter allotment. The building is designed to accommodate both commercial and residential uses, with the lower level housing a traditional bank chamber and the upper level comprising staff amenities including a kitchen, as well as a separate 120 square meter manager's residence. The residence includes four bedrooms, dining and living areas, kitchen, laundry, bathroom, separate WC, and two private outdoor balcony areas totaling 124 square meters.

The lease has been renewed for a three-year term to October 2028, with options extending to 2043, ensuring long-term income continuity. The current net income is $95,075 per annum plus GST, reflecting a landlord-favorable, set-and-forget net lease structure. This investment offers potential for strata titling, subject to council approval.

Strategically positioned in a prominent CBD location, the property benefits from high exposure and strong pedestrian and vehicle traffic. It is surrounded by government offices, professional services, retail operators, health services, essential services, and hospitality venues, contributing to its desirability and resilience.

Charters Towers is a key regional centre approximately 135 kilometers southwest of Townsville, serving as a gateway to the west and linking the North Queensland coast with inland mining and agricultural regions. The area is supported by growth drivers including tourism, education, essential services, and major regional projects, making it an attractive location for investors seeking a high-quality, low-risk commercial investment in regional Queensland.

This property is offered for sale by Expressions of Interest, closing on the 8th of May 2026 at 5pm, providing a rare chance to secure a flagship regional bank investment in a resilient and growing market.

Location