New Long Term Tenanted Investment to State of Queensland - Asking $3.45M


71-77 Patrick Street

Aitkenvale QLD 4814




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Ray White Commercial Townsville are excited to offer this premium office facility currently leased to the State of Queensland (Department of Child Safety, Youth & Women).

The freehold property has been home to this department since 2006, being purpose built for their requirements. The property has undergone a refurbishment of approx $80,000 spent in late 2020 by the owner and presents in excellent condition.

This tenanted investment is being offered to the market with a brand new 4 year lease with (2x) 2 year options commencing January 2021.

The complex features a premium office fit out with security token access throughout with a designed layout to suit the Department of Child Safety. There is 13 external parking (including disability access) along with a secure fully enclosed 18 undercover car parks and storage areas. Access to the office is via a security token through the secure car park. The office area is approx 900m2 of NLA and has multiple meeting rooms and large conference room, all with back of house access. The reception has security glass with access to the open plan office is via a secure token operated door.

Key Features:
Building area: 1,345m2* approx
Office area: 900m2*
Secure parking area: 445m2* for 18 undercover & 13 external
Reception with 6 meeting rooms and conference room
Large open plan work space with various managers offices
Disability compliant, large kitchen and breakout areas
Leased to the State of Queensland (Department of Child Safety, Youth & Women)
Rental: $252,683.02 pa net plus GST*
Term 4 years commencing January 2021
Options: (2x) 2 years
Spent over $80,000* on upgrades to facility in 2020

Ray White Commercial will be offering this premium property to the market via formal offers to purchase.

Contact Adrian Pascoe or Graeme Russell for a detailed Information Memorandum.