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Office VFML
502 Flinders Street Townsville, Australia
Description
Central Stage 1 is the first stage of a 7 stage masterplanned mixed used residential, commercial and retail development spread over 5.8 ha in Townsville. Stage 1 comprises 95 apartments (mix of 1, 2 and 3 bedrooms) and amenities include in-ground pools, landscaped gardens and common barbeque areas), 250 car parks (130 internal, 120 external) and 3,170 sqm of commercial and retail NLA. Construction was completed in April 2009 and Q Resorts is the apartment manager.
Location
The site is situated on the banks of Ross Creek on the western edge of the Townsville CBD.
Key Information
- Ownership VFML - 100%
- Acquisition 30/6/2009
- Book Value ($,000) 10,750
- Valuation Cap Rate 7.75%
-
Net Lettable Area
Office: 2,635
- Typical Floor Plate 900sqm
- Car Spaces 35
- Occupancy as at 30/6/2009 100%
- No. Of Tenants 3
- WALE 4.0 years
- Age of Building 2009