OVERVIEW

Cushman & Wakefield Investment Sales QLD are pleased to exclusively present to the market, 280 Flinders Street, Townsville for sale via an expressions of interest campaign closing Wednesday the 12th of March 2025.

Offered with a prominent position along Flinders Street enjoying panoramic views of the Townsville vista and excellent connectivity to transport infrastructure, 280 Flinders Street presents a compelling opportunity for incoming purchasers to acquire a modern office building that offers unrivalled value add potential.

The asset is highly locationally attractive by virtue of its situation along the Flinders Street retail and hospitality precinct. In conjunction with its relative adjacency to the Queensland Country Bank Stadium and local pedestrian and public transport infrastructure, the property commands strong tenant appetite and is instantly recognisable within the Townsville CBD.

The property, also known as ‘Northtown’, is offered with a 3-year rental guarantee over its vacant tenancies and offers an estimated net income of $3,085,260p.a and a 4.52-year WALE. The rate at which the guarantee has been struck is reflective of current market rates and will allow a purchaser to enjoy a three-year period to undertake an active leasing and repositioning strategy while meeting distribution obligations.

A 100% interest in 280 Flinders Street, Townsville is offered to the market for sale via an expressions of interest campaign, closing Wednesday the 12th of March 2025.

For further information, please don’t hesitate to contact Daniel Cullinane or Patrick Birchley of Cushman & Wakefield Investment Sales.

*NABERS exempt