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2-6 Vennard Street, Garbutt, QLD, 4814

2. Property Highlights

Expansive Freehold Opportunity in Tightly Held Industrial Precinct | Leased to Global Steel Distribution Company
  • Long term trading history
  • Favourable CPI reviews
  • Substantial industrial land holding

Burgess Rawson is pleased to offer to the market 2-6 Vennard Street, Garbutt (Townsville) QLD, for sale via Expressions of Interest.

The property has the following investment highlights:

+ Four (4) year net lease to 2026 to subsidiary of InfraBuild, OneSteel Recycling

+ InfraBuild: Australia's largest processor & distributor of steel long products with 150 sites across Australia

+ Landlord favourable CPI rent reviews

+ Substantial 21,135sqm* landholding with low site coverage and highly desirable medium impact zoning, offering future redevelopment opportunities to utilise the site's full capacity

+ 3,500sqm* NLA warehouse facility across 4 separate buildings with ample hardstand fit for heavy vehicle use

+ Strategically positioned within a tightly held industrial precinct, surrounded by numerous national tenants including but not limited to Harvey Norman, Bunnings, Spotlight, Blackwoods, Coates Hire, United Petroleum and Dan Murphy's

+ Located 900m* from Domain Central Townsville, one of Queensland’s largest Homemaker, lifestyle and outlet centres with over 60 of Australia’s largest brand retailers

+ Situated within close proximity to major carriageways and B-double routes - Bayswater Road, Dalrymple Road and Woolcock Street

+ Townsville: economic capital of North Queensland with over $27 billion* in infrastructure projects underway and population forecast to grow by 54% by 2041

+ Net Income: $283,927 pa* + GST

For Sale by Expressions of Interest

Closing Tuesday 16 May at 5:00pm AEST

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Remember to mention you found this property on CommercialReady

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3. Property Location

2-6 Vennard Street, Garbutt, QLD, 4814

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4. Due Diligence

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2-6 Vennard Street, Garbutt, QLD, 4814 Garbutt
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