3-11 Illuka Street, Currajong, QLD 4812 | Property Value & History | OnTheHouse
OFF MARKET

3-11 Illuka Street
Currajong QLD 4812

Bedrooms: -
Bathrooms: -
Car spaces: 103
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Property Details for 3-11 Illuka St, Currajong

Building Type
Commercial
Local Government
Townsville City
Lot/Plan
8/SP155548

Last Listing description (May 2022)

Award Winning Supermarket with 12 Year Net Lease

Ray White Commercial QLD is pleased to offer for sale Otto's Market Warrina, a vibrant shopping arcade comprising a mix of a supermarket, boutique food outlets, local businesses and Townsville's only ice skating rink, all under one head lease.

WHAT

The centre is anchored by a single head net lease to Otto's Market, a thriving retail destination for locals with over 40 years of history at the centre
A diverse mix of 17 specialty stores all operating under the Otto's head lease
Comprising 2,551sqm* of GLA situated prominently on a 5,340sqm* site
Offering 103 on-site car parks with access to the centre available from three streets

WHERE
Situated less than 5km from the Townsville CBD, Queensland's largest regional city home to a population of approximately 200,000 people, and estimated to boom by over 57% through 2036
Townsville's infrastructure development is underpinned by the multi-billion dollar City Deal, delivering such projects as the Townsville Stadium, Port of Townsville upgrade and Haughton Pipeline.

WHY
A single 12-year head net lease with Otto's paying for all outgoings, including land tax
Otto's hold management rights over the centre, making it a true passive investment
An established, thriving and award winning tenant seeking to expand further
Fully leased net income of $615,501 + GST p.a

Property History for 3-11 Illuka St, Currajong, QLD 4812

A timeline of how this property has performed in the market
Last Sold
$8,700,000
09 Jun 2022
  • 09 Jun 2022
    Sold - Price Undisclosed
  • 21 Apr 2022
    Listed for Sale Auction, Thursday 19th May, 10:15am AEST
  • 01 Jun 2013
    Listed for Rent $25,200 + GST PA
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About Currajong 4812

The size of Currajong is approximately 2.1 square kilometres. It has 6 parks covering nearly 10.4% of total area. The population of Currajong in 2016 was 2548 people. By 2021 the population was 2490 showing a population decline of 2.3% in the area during that time. The predominant age group in Currajong is 30-39 years. Households in Currajong are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Currajong work in a professional occupation.In 2021, 62.50% of the homes in Currajong were owner-occupied compared with 60.90% in 2016.

Currajong has 1,509 properties. Over the last 5 years, Houses in Currajong have seen a 131.94% increase in median value, while Units have seen a 124.23% increase. As at 30 April 2026:

  • The median value for Houses in Currajong is $597,697 while the median value for Units is $459,633.
  • Houses have a median rent of $540 while Units have a median rent of $395.
There are currently 9 properties listed for sale, and 14 properties listed for rent in Currajong on OnTheHouse. According to Cotality's data, 76 properties were sold in the past 12 months in Currajong.

Suburb Insights for Currajong 4812

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.