15-19 Hervey Range RoadThuringowa Central QLD 4817
Property Details for 15-19 Hervey Range Rd, Thuringowa Central
Last Listing description (July 2016)
* Brand new 8.5 year lease to Pizza Hut Franchisee/Operator, expiring 31/10/2024 plus options to 2034.
* CPI annual increases.
* Purpose built Pizza Hut restaurant constructed in 1993.
* Land area 2,953sqm* with 73m* frontage to Hervey Range Road.
* Highly strategic location at the entrance to large sub-regional shopping centre, the Willows
* Traffic count 15,892* vehicles daily
* Willows sub-precinct also includes McDonald's, Hungry Jacks, Supercheap Auto, Pet Barn, Centrelink and more
* Willows anchored by Woolworths, Coles, Target and Big W.
* Pizza Hut is the largest pizza chain in the world with more than 12,000 Pizza Hut Restaurants and Delivery Units operating worldwide. Approximately 270 stores are located in Australia.
Pizza Hut was founded in 1958 and is a subsidiary of Yum! Brands, Inc., the world's largest restaurant company.
* Townsville North Queensland Region has a population of approximately 233,907 with annual population growth of approximately 2.4%.
* Rent: $132,278 pa net + GST
* Outgoings: 100% rates recovered from tenant
For sale via Expression of Interest closing 4pm Thursday 19 May 2016
Contact Kim Addison at Colliers International to obtain the Information Memorandum and arrange inspections.
Kim Addison
0417 457 547
kim.addison@colliers.com
*all areas and measurements are approximate only
**boundary outlines in photos are indicative only
Property History for 15-19 Hervey Range Rd, Thuringowa Central, QLD 4817
- 18 May 2016Sold for $1,700,000
- 14 Apr 2016Listed for Sale Expressions of Interest
- 17 Nov 1992Sold for $375,000
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0About Thuringowa Central 4817
The size of Thuringowa Central is approximately 1.9 square kilometres. It has 4 parks covering nearly 18.1% of total area. The population of Thuringowa Central in 2011 was 2,013 people. By 2016 the population was 2,042 showing a population growth of 1.4% in the area during that time. The predominant age group in Thuringowa Central is 10-19 years. Households in Thuringowa Central are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Thuringowa Central work in a trades occupation. In 2011, 63.2% of the homes in Thuringowa Central were owner-occupied compared with 66.6% in 2016.
Thuringowa Central has 914 properties. Over the last 5 years, Houses in Thuringowa Central have seen a 85.45% increase in median value, while Units have seen a 95.74% increase. As at 31 October 2024:
- The median value for Houses in Thuringowa Central is $506,660 while the median value for Units is $366,424.
- Houses have a median rent of $490 while Units have a median rent of $440.
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