CBRE is pleased to offer to the market a rare entry level medical asset located at 3/1207 Riverway Drive, Rasmussen (Townsville) QLD 4815 for sale via Investment Portfolio Auction 186.

This opportunity has the following key investment highlights:

+ Five (5) year lease to 1300 Smiles to June 2030 plus two (2) further five (5) year options to 2040
+ 1300 Smiles: established dental provider operating in 30+ clinics across Queensland & New South Wales and wholly owned by Abano Healthcare Group (1)
+ Abano Healthcare Group: Australasia’s largest dental support organisation (220+ locations), wholly owned by BGH Capital & OTPP (2)
+ Long-standing tenant on-site for 10+ years, part of the ‘Upper Ross Medical Centre’ and co-located with QML Pathology and Discount Drug Stores 
+ 27,402 residents and 7 schools within the immediate residential catchment (3)
+ Landlord favourable net lease structure with tenant responsible for 100% of outgoings, including land tax and management fees
+ Attractive fixed 3% annual rent increases ensuring consistent and compounding income growth
+ Modern 201sqm* tenancy including reception, consultation rooms and extensive dentistry fit out
+ Prominently positioned with direct frontage to Riverway Drive, a major arterial carrying over 150,000+ vehicles weekly (3)
+ Perfectly located within 200m* of Riverway Plaza, a major retail hub anchored by Woolworths, McDonalds, KFC and 20+ specialty retailers (4)
+ Rasmussen: established suburb of Townsville with median house prices increasing 16.8% in the last 12 months and experience a period of rapid growth with the current development of the new Somers & Harvey Estate, a brand new 80-hectare master planned community expected to support over 800 new families (5) (6)
+ 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 (7) (8)
+ Net income: $122,724 pa* + GST

For Sale via Investment Portfolio Auction 186
10:30am (AEST) Thursday 6 August 2026
Level 3, Waterfront Place, Brisbane

Please contact the exclusively appointed CBRE team for more information.

*Approx

1. 1300 Smiles
2. Abano Healthcare Group
3. Gap Maps
4. Riverway Plaza
5. realestate.com
6. Somers & Hervey
7. Community ID
8. Townsville Enterprise