March 8, 2023 - National Retail Group

Former Dimmeys Arcade in Townsville’s CBD to be revitalised after 15 years

Category : Leasing Tips Medical Office Retail Showroom

Latest News

Image

Dilapidated, prime retail space that has sat vacant in the centre of a Queensland regional city for 15 years is about to be given a face lift.

The 5,500-square metre building known as Dimmeys Arcade was once a hub of activity in the Townsville CBD but has since fallen into disrepair.

National Retail Group director Michael Spektor manages the building on behalf of its current owners and said they had plans to transform the derelict site with refurbishments expected to cost anywhere between $5-8 million.