CBRE is pleased to offer to the market Auto Masters Garbutt located at 298 Woolcock Street, Garbutt (Townsville) Qld 4814 for sale via Investment Portfolio Auction 183.

This opportunity has the following key investment highlights:

+ Ten (10) year net lease to 2035 plus three (3) further five (5) year options to 2050
+ Auto Masters: proven national operator, founded in 1975, with 95+ locations nationally* and a pipeline of further growth
+ Rare-to-market, entry level freestanding tyre and auto investment directly adjoining Caltex & Noodle Box
+ Set-and-forget net lease terms, with the tenant responsible for all usual outgoings
+ Fixed, compounding 3% annual rent increases ensuring continued and compounding income growth
+ Impressive 329sqm* high-clearance warehouse including multiple roller shutters, insulated roof, and the latest corporate branding, equipment and technology
+ Construction completed October 2025, offering significant tax depreciation benefits to the incoming purchaser
+ Perfectly positioned tyre and auto location, flanked by 2 major connector roads in the heart of Townsville’s largest commercial & Industrial precinct
+ High-profile location 8km* from Townsville CBD & exposure to over 427,00 vehicles passing weekly*
+ Surrounded by multiple national operators including O’Brien Glass, Coates Hire, AE Smith & Chemist Warehouse
+ 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
+ Net Income: $85,000 pa* + GST

For Sale via Investment Portfolio Auction 183
10:30am (AEST) Thursday 2 April 2026
Level 3, Waterfront Place, Brisbane

*Approx.