Expansive Freehold Opportunity in Tightly Held Industrial Precinct | Leased to Global Steel Distribution Company
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.
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