Burgess Rawson is pleased to offer to the market the Caltex Australia Convenience Retail Investment at 25 Bolam Street, Garbutt (Townsville) for sale via Auction Investment Portfolio 170.
+ 18 year net lease to 2034 plus four (4) further ten (10) year options to 2074
+ Chevron Corporation (NYSE: CVX): major international energy company, with a market cap of $430 billion and the world's 33rd largest company
+ Caltex Australia: a subsidiary of Chevron Corporation with over 360 convenience retail sites nationally and growing**
+ Pending major tenant funded rebrand to Caltex Australia - scheduled for 2025
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance, and land tax
+ Tenant is responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation
+ Strong and certain rental growth with annual, fixed compounding 3% increases
+ Incredible 5,099sqm* site with direct access to the RAAF Base and Townsville International Airport.
+ Desirable 'Medium Impact Industry' zoned freehold site with favourable tenant remediation clauses, allowing for outstanding future development potential (STCA)
+ Garbutt: located 4.5km* from the CBD, in the heart of Townsville's industrial and retail mecca, directly surrounded by complementary national traders including Elders, Polaris, Dan Murphy's, Bridgestone, Dulux, Nick Scali, Repco and Chemist Warehouse
+ Surrounded by multiple industrial hire and car rental companies including Flexi Hire, Coates Hire, Bargain Car Rentals, Meteor Car Rentals, Independent Hire, Sixt and My Ute Rentals
+ Ideally positioned within Garbutt's pre-eminent industrial precinct offering seamless integration and access to the important Bruce & Flinders Highway and Townsville Marine Logistics Port
+ Just 1km* from Domain Central, anchored by Bunnings, Harvey Norman, The Good Guys, BCF, Rebel, JB Hi-Fi, IGA, Total Tools & TK Maxx
+ Located 2km* from Castletown Shopping Centre, anchored by Coles, Woolworths, BIG W and 120+ speciality retailers
+ City of Townsville: largest city in Northern Australia, with population forecast to grow 52% to 306,053 residents by 2046*** with $27 billion in infrastructure projects underway****
+ Townsville: the commercial hub of Northern Australia, home to the largest military base with 15,000 personal and the internationally recognised James Cook University
+ Minimum management, essential service investment
+ Estimated Net Rent: $209,079 pa* ($215,315 pa* as at December 2024)
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 8 August 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
**Chevron
***Gapmaps
****Queensland Government
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
