retail
Retail - Shopping Cenre
Industrial/Warehouse
ID 300107UpdatedSaleThe Overlander Shopping Centre
121 Marian Street
Townview, Queensland, 4825
Please contact us for price
- Size3,179 SQM
- Description
- Building Information
- Location
- Agents
Description
Harvey Norman Anchored Shopping Centre- High Yielding
JLL are pleased to exclusively offer The Overlander Shopping Centre in Mt Isa For Sale via Expressions of Interest, closing 4pm (AEST) Thursday 6 September 2018 We note the following investment highlights:
· 3,179sqm shopping centre anchored by Harvey Norman and supported by a complimentary mix of 2x medical and 1x retail tenants
· Centre WALE of 4.88yrs (by income) with Harvey Norman on a 7yr anchor lease expiring 2024
· Dominant 7,058sqm site fronting the Barkly Highway at the eastern gateway to Mt Isa, the main thoroughfare connecting Mt Isa to Cloncurry & Townsville providing outstanding exposure to passing traffic
· Recent major capital expenditure from both the vendor & tenants, further stegthening the long term income security
· Anchor tenant at an extremely below market rental- strong upside present in the upcoming market review
· Net income of $467,000p.a. as at 31 July 2018
JLL are pleased to exclusively offer The Overlander Shopping Centre in Mt Isa For Sale via Expressions of Interest, closing 4pm (AEST) Thursday 6 September 2018 We note the following investment highlights:
· 3,179sqm shopping centre anchored by Harvey Norman and supported by a complimentary mix of 2x medical and 1x retail tenants
· Centre WALE of 4.88yrs (by income) with Harvey Norman on a 7yr anchor lease expiring 2024
· Dominant 7,058sqm site fronting the Barkly Highway at the eastern gateway to Mt Isa, the main thoroughfare connecting Mt Isa to Cloncurry & Townsville providing outstanding exposure to passing traffic
· Recent major capital expenditure from both the vendor & tenants, further stegthening the long term income security
· Anchor tenant at an extremely below market rental- strong upside present in the upcoming market review
· Net income of $467,000p.a. as at 31 July 2018
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