CBRE is pleased to offer to the market BP Idalia located at 44-48 Stuart Drive, Idalia (Townsville) QLD 4811 for sale via Investment Portfolio Auction 185.

This opportunity has the following key investment highlights:

+ Rare-to-market opportunity: the first single tenant BP to market in QLD since June 2023
+ Long twelve (12) year head office net lease to BP to 2036 plus one (1) further eight (8) year option to 2044 (9.50-year WALE)
+ BP: dual listed convenience retail heavyweight with 20,500+ sites across 70 countries, and a combined current market cap of $204 billion (1)
+ BP (British Petroleum): recently acquired X Convenience in SA & WA, expanding its Australian footprint to over 1,400 convenience retail sites*
+ Expansive 3,451sqm* freehold site with important dual street access and triple street frontage, further benefiting from 70m* of frontage to Stuart Drive (2)
+ Stuart Drive (Townsville Connection Road): three year upgrade complete in February 2026 to incorporate 4 lanes and improve flow given high traffic volumes (165,000+ vehicles passing weekly) (3)
+ Landlord favourable net lease, with BP responsible for 100% of outgoings, excluding land tax
+ Greater of CPI or fixed 2.5% increases (capped at 4%), ensuring continued rental growth
+ Strategically located 290sqm* GLA fuel and convenience store, comprising additional freestanding drive through car wash facility, providing the opportunity to purchase well below replacement cost
+ Strategically situated within Idalia’s core retail hub, surrounded by major operators including Red Rooster, Night Owl, Subway, Nando’s and Otto’s Fresh Food Market Precinct (20+ specialty retailers) (4)
+ Exceptional proximity to Townsville’s key infrastructure including 200m* from the Murray Sporting Precinct, 2km* from Cluden Racecourse and Lavarack Barracks, and 5km from the Townsville CBD (5)
+ 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 (6) (7)
+ Net Income: $357,200 pa* + GST

For Sale via Investment Portfolio Auction 185
10:30am (AEST) Thursday 25 June 2026
Level 3, Waterfront Place, Brisbane

Please contact the exclusively appointed CBRE team for more information.

*Approx.

(1) BP
(2) Landchecker
(3) Department of Transport & Main Roads
(4) Gap Maps
(5) Google Maps
(6) Community ID
(7) Townsville Enterprise