<span style="color:rgb(0, 0, 0);">The property is situated in Townsville’s bustling showroom precinct, in close prixmity to Domain Central, which features retailers like Bunnings, Nick Scali, and Pet Barn, and is also opposite Lexus Townsville. Additionally, other major brands such as Anaconda, Spotlight, and A-Mart are locatedin the same precinct.</span><br><br><span style="color:rgb(0, 0, 0);">Garbutt is a mixed-use suburb (retail, industrial and residential) located only 5 kilometres west of Townsville Central.</span><br><br><span style="color:rgb(0, 0, 0);">Townsville is situated about 1,350km north of Brisbane. </span><span style="color:rgb(0, 0, 0);"><b>Townsville is known as the Second Capital of Queensland.</b></span><br><br><span style="color:rgb(0, 0, 0);">The </span><span style="color:rgb(0, 0, 0);"><b> Townsville region itself is Queensland’s largest regional city with an estimated population of 237,452 people</b></span><span style="color:rgb(0, 0, 0);">. The region has 7th highest average income per capita in Australia and a Gross Regional Product (GRP) of an estimated $15.892 billion, which means the Townsville region alone represents 4.3% of Queensland's Gross State Product (GSP) of $366.277 billion. </span><br><br><span style="color:rgb(0, 0, 0);">Townsville’s industry diversity, government investment and major infrastructure further underpin its role as the commercial and services hub for North Queensland’s minerals, coal, agriculture, tourism and tropical sciences sectors. Townsville is a major service centre, and the main centre for government administration outside Brisbane. Regional health services are provided by the Townsville Hospital and several research institutions such as James Cook University, the Australian Institute of Marine Science, the Great Barrier Reef Marine Park Authority, Department of Agriculture, Fisheries and Forestry and the CSIRO. Townsville has a large Australian Defence Force community, due to both the army and air force bases also influencing the economy.</span><br><br><br><span style="color:rgb(0, 0, 0);">Nationally significant institutions and companies:</span><br><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· One of </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">Australia’s largest Defence bases</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· Research Centre </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">for food and tropical health research</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· Australia’s biggest electrical distributor - Ergon Energy Network &amp; Energex (Energy QLD </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">Group)</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· Two of Northern Australia’s largest universities, James Cook University and Central Queensland </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">University (CQU)</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· Major resources and logistics offices including Aurizon, Incitec Pivot, MMG, Bravus and </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">Glencore Copper</span></p><br><br><span style="color:rgb(0, 0, 0);"><b>Why we like Townsville:</b></span><br><br><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· Strong economy underpinned by multiple industries (e.g. mining, defence, agriculture, tourism, </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">health)</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· Significant current</span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">infrastructure projects (e.g. Copper String project $5 billion) </span><a style="color:rgb(0, 0, 0);display:inline;" target="_blank" href="https://www.statedevelopment.qld.gov.au/news/what-is-copperstring-2032-and-why-is-it-important-for-queenslands-renewable-energy-future"><u>https://www.statedevelopment.qld.gov.au/news/what-is-copperstring-2032-and-why-is-it-important-for-queenslands-renewable-energy-future</u></a><span style="color:windowtext;"></span></p><br><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· Population is </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">expected to grow from 240,000* people in 2024 to over 300,000 by 2046 </span><a style="color:rgb(0, 0, 0);margin-inline-start:36pt;display:inline;" target="_blank" href="https://home.id.com.au/forecast-review/townsville-july-2023"><u>https://home.id.com.au/forecast-review/townsville-july-2023</u></a><span style="color:windowtext;margin-inline-start:36pt;"></span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· Median house price of $500k in Townsville, compared to $900k plus in Brisbane, Sydney </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;">and Melbourne - almost half the price!</span></p><br><p style="margin-inline-start:36pt;"><span style="color:rgb(0, 0, 0);">· </span><span style="color:rgb(0, 0, 0);"><b>The above facts indicate Townsville will attract more people including young families, further </b></span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;"><b>driving property growth in Townsville.</b></span></p>

<b><u>Selwyn Nicholas Brewing</u></b><br><br><span style="color:rgb(71, 71, 71);">Locally owned and operated, Selwyn Nicholas Brewing Co is an Independent Brewing company that aims to increase the "Brewery Experience" in Townsville. Selwyn Nicholas Brewing Co. focus on using high-quality fresh ingredients and traditional brewing techniques combined with modern innovations. The range of beers, caters to different tastes and preferences. Relax at the taproom where you can enjoy freshly brewed beers on-site.</span><br><br>Discover the ultimate beer destination just a 2-minute drive from Domain, on Woolcock Street. Selwyn Nicholas Brewing Co is preparing to elevate your beer experience.<br><br>Convenience meets quality here. After looking at fridges, taps, pillows and stereos, make your way to an inviting atmosphere where friendly service and a relaxing vibe await. Catch up with mates over cold beers without the hassle.<br><br>Make Selwyn Nicholas your cold brew destination. This isn't just a brewery; it's a shortcut to quality brews and good times. Cheers to a new beer experience just around the corner!<br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.selwynnicholasbrewing.au/"><u>https://www.selwynnicholasbrewing.au/</u></a><span></span><br><br>

Subject Property: 365 Woolcock Street, Garbutt - 442 sqm - $XXX/sqm p.a. gross + GST 158-162 Duckworth Street, Garbutt – 255sqm to 535sqm - $207/sqm to $229/sqm p.a. gross + GST 981 Riverway Drive, Rasmussen (Chemist) – 123 sqm - $356/sqm p.a. gross + GST 981 Riverway Drive, Rasmussen (Butcher) – 173 sqm - $249/sqm p.a. gross + GST 298 Bayswater Road, Garbutt (Flooring Retailer) – 383sqm - $210/sqm p.a. gross + GST 141 Ingham Road, Garbutt (Chiropractor) – 237sqm - $249/sqm p.a. gross + GST 141 Ingham Road, Garbutt (Allied Health) – 237sqm - $230/sqm p.a. gross + GST SUBJECT TO VALUATION AND FURTHER DUE DILIGENCE.

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