CBRE from CBRE is pleased to offer to the market the Officeworks located at 48 Charters Towers Road, Townsville (Hermit Park) QLD 4812 for sale via Expressions of Interest closing Thursday 30 October 2025 at 3pm AEST.

The opportunity has the following key investment highlights:

+ Thirteen (13) year lease to Officeworks to October 2029 plus four (4) further five (5) year options to 2049
+ Officeworks: Australia’s leading retailer of office supplies and furniture – wholly owned subsidiary of Wesfarmers Limited with market cap of A$104.36 billion
+ Favourable fixed 2.80% annual rent increases, ensuring consistent and compounding rental growth
+ Substantial 8,506sqm* corner landholding improved by a 3,472sqm* high-clearance retail showroom
+ Ample customer parking with 122* valuable on-site car spaces
+ Significant building expansion and upgrade in 2019, offering substantial potential depreciation benefits
+ Ideally situated on a prominent corner with direct frontage to one of Townsville’s busiest intersections and enjoying exposure to over 250,000 vehicles weekly*
+ Perfectly positioned with 62,261* residents within a 5km* radius, ensuring a strong and growing trade catchment
+ Strategically located within 1.5km* of Townsville CBD and Castletown Shopping Centre anchored by Woolworths, Coles, Big W & 195 specialty retailers
+ Townsville: largest city in Northern Australia, with population forecast to grow 52% to 306,053 residents by 2046^ and $27 billion in infrastructure projects underway
+ Net Income: $820,048 pa* + GST

For Sale via Expressions of Interest
Closing 3pm AEST Thursday 30 October 2025

Please contact the exclusively appointed sales team for more information.

*Approx.