CBRE is pleased to offer to the market an exceptional multi-tenanted medical and retail asset located at 251 Ross River Road, Aitkenvale (Townsville) QLD 4814 for sale via Portfolio Auction 188.

This opportunity has the following key investment highlights:

+ Eight (8) year net lease to Healthia Allsports to 2033 with two (2) further five (5) year options to 2043 – Healthia have invested over $3m into their fitout
+ Healthia Limited (HLA): represent over 30 health brands that serve local communities and Australian families. This division of Healthia now encompasses an extensive range of physiotherapy services at over 175 clinics across Australia. (1)
+ Eight (8) year net Lease to Chemist Warehouse to 2033 with one (1) further seven (7) year option to 2040
+ Chemist Warehouse: wholly owned by ASX listed Sigma Healthcare with current market cap of $35.96 Billion. (2)
+ Ten (10) year net lease to Greencross Vets to 2031 with two (2) further five (5) year options to 2041
+ Greencross Vets: subsidiary of publicly listed private equity firm TPG & superannuation giants Australian Super & HOOPP, currently operating as Australia’s largest veterinary services provider with a 18.9% compound AGR in sales revenue (3)
+ All leases include parent company guarantees and a major capital works program has recently been completed
+ Landlord favourable fixed 3.5% reviews across all tenancies ensuring consistent and compounding rental growth
+ Diversified income over 2,700sqm* NLA retail/showroom
+ Favourable ‘Mixed-Use’ zoning, offering long-term flexibility to accommodate a broad range of uses including retail, medical/allied health and commercial office tenants (4)
+ Situated on a commanding 4,550sqm* corner site with dual street frontage, offering exposure to 25,000 passing vehicles daily (4,5)
+ Three individually titled lots allowing for flexible ownership structure
+ Ideally positioned within strong residential catchment with 40,000+ residents* located within a 3km* radius (5)
+ Aitkenvale: Established inner suburb of Townsville anchoring the city’s largest retail destination (Townsville Shopping Centre) and acting as a central transit and infrastructure hub.
+ Townsville: largest city in Northern Australia, with population forecast to grow 52% to 306,053 residents by 2046 (6)
+ Net income: $778,664 pa* + GST

To be sold via Portfolio Auction
10:30am AEST Thursday 29 October 2026
Level 3, Waterfront Place, Brisbane City

Please contact the exclusively appointed sales team for more information.

*Approx

(1) Healthia
(2) Chemist Warehouse
(3) Greencross Vets
(4) Landchecker
(5) Gapmaps
(6) Community ID