Garbutt is a key commercial and industrial precinct in Townsville, Queensland, strategically positioned near major transport routes. The suburb is known for its strong industrial presence, with a mix of logistics, warehousing, and manufacturing businesses taking advantage of its connectivity to the Bruce Highway and Townsville Airport. This prime location ensures sustained demand for commercial properties, particularly from national and multinational companies seeking distribution and operational hubs.<br><br>The suburb benefits from Townsville’s economic strength, driven by key industries such as mining, defence, and logistics. Townsville is a major regional center with a growing population and significant infrastructure investment, further boosting Garbutt’s commercial appeal. With consistently low industrial vacancy rates and increasing demand for well-located assets, Garbutt offers strong leasing fundamentals and potential for rental growth.<br><br>Queensland’s broader economic outlook remains positive, supported by population growth, government infrastructure projects, and continued investment in key sectors. With Townsville playing a crucial role in North Queensland’s economy, Garbutt stands out as a highly desirable commercial location with long-term growth potential.

<b>Sika Australia</b><br><br>Sika Australia, a subsidiary of the global Sika Group, specializes in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting across various sectors, including residential and commercial building, mining, automotive, industrial manufacturing, and infrastructure projects. <br><br>In Australia, Sika holds a leading position in the specialty chemicals industry, particularly in the supply of chemical admixtures. The company's prominence was highlighted during its proposed acquisition of MBCC Group, where concerns arose about potential market dominance. <br><br>While specific financial data for Sika Australia is not publicly disclosed, insights can be drawn from the performance of its parent company, Sika AG. In the first half of 2024, Sika AG reported a marked increase in EBITDA, achieving an all-time high operating free cash flow of CHF 401.3 million (circa AUD $715.8 million), up from CHF 322.5 million (circa AUD $575.2 million) in the previous year. This robust performance underscores the company's strong operational efficiency and market demand.<br><br>Sika's strategic initiatives include the acquisition of MBCC Group, aimed at strengthening its market position and expanding its product offerings. The ACCC's approval, contingent upon specific divestitures, reflects Sika's commitment to maintaining fair competition while pursuing growth. <br><br>Sika Australia's alignment with its parent company's strategic vision and its leading market position in the specialty chemicals sector position it well for sustained growth. The company's proactive approach to regulatory compliance and market expansion initiatives underscores its commitment to delivering value across its diverse target markets.

Income<br><br>Rent: $132,000<br><br>Outgoings<br><br>Recoverable:<br>Council Rates: $10,213<br>Land Tax: 0 (Land value 285,000)<br>Insurance: $10,800<br><br>Lease is silent on property management fees, for saftey we will excude this and make them non-recoverable.<br>PM: $5,250<br><br>Net Income: $126,750<br><br>$1,950,000 x 6.5% = $126,750<br><br>Lease Start: 15 Jan 2025<br>Expiry Date: 14 Jan 2028<br>Annual Increases: Greater of CPI or 3.5%<br>Bond: $42,072

Subject Property: 15 Camuglia Street Garbutt - 752sqm - $168/sqm 485 Woolcock Street Garbutt – 850sqm – $176/sqm 365 Woolcock Road Garbutt – 442sqm - $170/sqm 30 Civil Road Garbutt – 1030sqm - $228/sqm 125-131 Dalrymple Road Garbutt – 619sqm - $170/sqm 16 Hugh Ryan Drive, Garbutt – 458sqm - $164/sqm

Download Write Up PDF