FOR SALE
Offers over $480,000

5-8/95 Denham Street
Townsville City QLD 4810

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 313m2
Land area: 313m2
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Multi-tenanted Townsville CBD Investment Property

Denham Arcade is a well-known landmark from yesteryear in the Townsville's CBD housing various medical, office, retail and service-related businesses.
Four individual strata titled lots, configured as five tenancies are now offered to the market, subject to leases producing a gross income of $67,875.44 per annum + GST.
The property produces a current net income of $31,268.40 per year + GST, with one vacancy which is capable of producing an additional $15,000 per year or could be occupied by the owner.
The potential fully leased net income is $46,268.40.
- Suite 5 (43 m2): Leased to Sea Turtle Foundation at $9,600 per year + GST.
- Suite 6 (36 m2): Vacant and offered for lease at $15,000 per year + GST.
- Suite 7a (54 m2): Leased to Shane Chambers Dental at $15,276.96 per year + GST.
- Suite 7b (53 m2): Leased to Eraza Laser Clinic at $13,788.48 per year + GST.
- Suite 8 (127 m2): Leased to Betty Blue Cafe at $29,210 per year + GST.
The property will benefit from future rental growth in a recovering CBD market.
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Property Details for 5-8/95 Denham St, Townsville City

Building Type
Commercial
Floor Size
313m2
Land Size
313m2

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About Townsville City 4810

The size of Townsville City is approximately 2 square kilometres. It has 9 parks covering nearly 5.1% of total area. The population of Townsville City in 2011 was 2,500 people. By 2016 the population was 2,874 showing a population growth of 15.0% in the area during that time. The predominant age group in Townsville City is 20-29 years. Households in Townsville City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Townsville City work in a professional occupation. In 2011, 40.8% of the homes in Townsville City were owner-occupied compared with 37.1% in 2016.

Townsville City has 2,508 properties. Over the last 5 years, Houses in Townsville City have seen a 20.60% increase in median value, while Units have seen a 39.85% increase. As at 30 November 2024:

  • The median value for Houses in Townsville City is $704,352 while the median value for Units is $504,357.
  • Houses have a median rent of $535 while Units have a median rent of $500.
There are currently 39 properties listed for sale, and 70 properties listed for rent in Townsville city on OnTheHouse. According to CoreLogic's data, 192 properties were sold in the past 12 months in Townsville city.

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Ray White Commercial Townsville
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