310-330 Ross River Rd, Aitkenvale, QLD
Stonebridge Property Group and JLL, on behalf of AMP Capital, are pleased to present for sale a 50% interest in Stockland Townsville, QLD.
Stockland Townsville is a dominant major regional shopping centre with further development opportunities, located in north Queensland’s economic and growth powerhouse region.
The Centre is the preeminent retail offering in the Townsville region and is home to the only department store within 350 kilometres (km). Stockland, which is anchored by retail heavyweights Myer, Woolworths, and Big W, all secured by long leases, occupies an outstanding and significant landholding of 9.9 hectares at one of Townsville’s busiest intersections.
The offering includes 2.6 hectares of prime town centre development land set across multiple lots and presents a wide range of value-add and development opportunities. With below benchmark rentals and strong population growth forecasts indicate excellent future income growth potential.
Jonathan Fox said “We’re pleased to announce the sale of a 50% interest in Stockland Townsville. The Centre is the largest and most dominant Regional centre within Townsville and only one of three Regional centres in North Queensland. The Centre offers exceptional income security on a significant land holding with further development potential.”
AMP is offering a 50% Interest in Stockland Townsville and adjoining development land for sale via Expressions of Interest closing 2:00pm (AEDT), Thursday 9th December 2021.
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