2-6 Vennard StreetGarbutt QLD 4814
Property Details for 2-6 Vennard St, Garbutt
Last Listing description (July 2023)
Expansive Freehold Opportunity in Tightly Held Industrial Precinct | Leased to Global Steel Distribution Company
Burgess Rawson is pleased to offer to the market 2-6 Vennard Street, Garbutt (Townsville) QLD, for sale via Expressions of Interest.
The property has the following investment highlights:
+ Four (4) year net lease to 2026 to subsidiary of InfraBuild, OneSteel Recycling
+ Landlord favourable CPI rent reviews
+ Substantial 21,135sqm* landholding with low site coverage and highly desirable medium impact zoning, offering future redevelopment opportunities to utilise the site's full capacity
+ 3,500sqm* NLA warehouse facility across 4 separate buildings with ample hardstand fit for heavy vehicle use
+ Strategically positioned within a tightly held industrial precinct, surrounded by numerous national tenants including but not limited to Harvey Norman, Bunnings, Spotlight, Blackwoods, Coates Hire, United Petroleum and Dan Murphy's
+ Located 900m* from Domain Central Townsville, one of Queensland's largest Homemaker, lifestyle and outlet centres with over 60 of Australia's largest brand retailers
+ Situated within close proximity to major carriageways and B-double routes - Bayswater Road, Dalrymple Road and Woolcock Street
+ Townsville: economic capital of North Queensland with over $27 billion* in infrastructure projects underway and population forecast to grow by 54% by 2041
+ Net Income: $283,927 pa* + GST
For Sale by Expressions of Interest
Closing Tuesday 16 May at 5:00pm AEST
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
Property History for 2-6 Vennard St, Garbutt, QLD 4814
- 20 Jul 2023Sold - Price Undisclosed
- 14 Apr 2023Listed for Sale Price on Request
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About Garbutt 4814
The size of Garbutt is approximately 12.0 square kilometres. It has 6 parks covering nearly 1.3% of total area. The population of Garbutt in 2016 was 2396 people. By 2021 the population was 2309 showing a population decline of 3.6% in the area during that time. The predominant age group in Garbutt is 20-29 years. Households in Garbutt are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Garbutt work in a community and personal service occupation.In 2021, 41.20% of the homes in Garbutt were owner-occupied compared with 37.50% in 2016.
Garbutt has 2,446 properties. Over the last 5 years, Houses in Garbutt have seen a 110.43% increase in median value, while Units have seen a 131.70% increase. As at 31 March 2026:
- The median value for Houses in Garbutt is $638,058 while the median value for Units is $426,637.
- Houses have a median rent of $528 while Units have a median rent of $400.
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