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DESCRIPTION:Long 9.50 Year WALE to Dual Listed Giant | Perfect Retail Loca
 tion Adjoining McDonald's\nCBRE is pleased to offer to the market BP Idal
 ia located at 44-48 Stuart Drive\, Idalia (Townsville) QLD 4811 for sale 
 via Investment Portfolio Auction 185.\n \nThis opportunity has the follow
 ing key investment highlights:\n \n+ Rare-to-market opportunity: the firs
 t single tenant BP to market in QLD since June 2023\n+ Long twelve (12) y
 ear head office net lease to BP to 2036 plus one (1) further eight (8) ye
 ar option to 2044 (9.50-year WALE)\n+ BP: dual listed convenience retail 
 heavyweight with 20\,500+ sites across 70 countries\, and a combined curr
 ent market cap of $204 billion (1)\n+ BP (British Petroleum): recently ac
 quired X Convenience in SA & WA\, expanding its Australian footprint to o
 ver 1\,400 convenience retail sites*\n+ IMPORTANT: BP is responsible to m
 onitor and general maintenance of the fuel tanks and fuel equipment\, as 
 well as future site remediation \n+ Expansive 3\,451sqm* freehold site wi
 th important dual street access and triple street frontage\, further bene
 fiting from 70m* of frontage to Stuart Drive (2)\n+ Stuart Drive (Townsvi
 lle Connection Road): three year upgrade complete in February 2026 to inc
 orporate 4 lanes and improve flow given high traffic volumes (165\,000+ v
 ehicles passing weekly) (3)\n+ Landlord favourable net lease\, with BP re
 sponsible for 100% of outgoings\, excluding land tax\n+ Greater of CPI or
  fixed 2.5% increases (capped at 4%)\, ensuring continued rental growth\n
 + Strategically located 290sqm* GLA fuel and convenience store\, comprisi
 ng additional freestanding drive through car wash facility\, providing th
 e opportunity to purchase well below replacement cost\n+ Strategically si
 tuated within Idalia's core retail hub\, surrounded by major operators in
 cluding Red Rooster\, Night Owl\, Subway\, Nando's and Otto's Fresh Food 
 Market Precinct (20+ specialty retailers) (4)\n+ Exceptional proximity to
  Townsville's key infrastructure including 200m* from the Murray Sporting
  Precinct\, 2km* from Cluden Racecourse and Lavarack Barracks\, and 5km f
 rom the Townsville CBD (5)\n+ Townsville: largest city in Northern Austra
 lia\, with population forecast to grow 52% to 306\,053 residents by 2046^
  with $27 billion in infrastructure projects underway (6) (7)\n+ Net Inco
 me: $357\,200 pa* + GST\n \nFor Sale via Investment Portfolio Auction 185
 \n10:30am (AEST) Thursday 25 June 2026\nLevel 3\, Waterfront Place\, Bris
 bane\n \nPlease contact the exclusively appointed CBRE team for more info
 rmation.\n \n*Approx.\n \n(1) BP\n(2) Landchecker\n(3) Department of Tran
 sport & Main Roads\n(4) Gap Maps\n(5) Google Maps\n(6) Community ID\n(7) 
 Townsville Enterprise
DTEND:20260625T113000
DTSTAMP:20260527T041440Z
DTSTART:20260625T103000
LOCATION:Level 3\, 1 Eagle St\, Brisbane
SEQUENCE:0
SUMMARY:Auction: 44-48 Stuart Drive\, Idalia QLD
UID:CRE-2020872167-Auction
X-ALT-DESC;FMTTYPE=text/html:<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//EN"><html><head><
 title></title></head><body><P DIR=LTR>Long 9.50 Year WALE to Dual Listed 
 Giant | Perfect Retail Location Adjoining McDonald's <br/> CBRE is please
 d to offer to the market BP Idalia located at 44-48 Stuart Drive\, Idalia
  (Townsville) QLD 4811 for sale via Investment Portfolio Auction 185. <br
 />   <br/> This opportunity has the following key investment highlights: 
 <br/>   <br/> + Rare-to-market opportunity: the first single tenant BP to
  market in QLD since June 2023 <br/> + Long twelve (12) year head office 
 net lease to BP to 2036 plus one (1) further eight (8) year option to 204
 4 (9.50-year WALE) <br/> + BP: dual listed convenience retail heavyweight
  with 20\,500+ sites across 70 countries\, and a combined current market 
 cap of $204 billion (1) <br/> + BP (British Petroleum): recently acquired
  X Convenience in SA & WA\, expanding its Australian footprint to over 1\
 ,400 convenience retail sites* <br/> + IMPORTANT: BP is responsible to mo
 nitor and general maintenance of the fuel tanks and fuel equipment\, as w
 ell as future site remediation  <br/> + Expansive 3\,451sqm* freehold sit
 e with important dual street access and triple street frontage\, further 
 benefiting from 70m* of frontage to Stuart Drive (2) <br/> + Stuart Drive
  (Townsville Connection Road): three year upgrade complete in February 20
 26 to incorporate 4 lanes and improve flow given high traffic volumes (16
 5\,000+ vehicles passing weekly) (3) <br/> + Landlord favourable net leas
 e\, with BP responsible for 100% of outgoings\, excluding land tax <br/> 
 + Greater of CPI or fixed 2.5% increases (capped at 4%)\, ensuring contin
 ued rental growth <br/> + Strategically located 290sqm* GLA fuel and conv
 enience store\, comprising additional freestanding drive through car wash
  facility\, providing the opportunity to purchase well below replacement 
 cost <br/> + Strategically situated within Idalia's core retail hub\, sur
 rounded by major operators including Red Rooster\, Night Owl\, Subway\, N
 ando's and Otto's Fresh Food Market Precinct (20+ specialty retailers) (4
 ) <br/> + Exceptional proximity to Townsville's key infrastructure includ
 ing 200m* from the Murray Sporting Precinct\, 2km* from Cluden Racecourse
  and Lavarack Barracks\, and 5km from the Townsville CBD (5) <br/> + Town
 sville: largest city in Northern Australia\, with population forecast to 
 grow 52% to 306\,053 residents by 2046^ with $27 billion in infrastructur
 e projects underway (6) (7) <br/> + Net Income: $357\,200 pa* + GST <br/>
    <br/> For Sale via Investment Portfolio Auction 185 <br/> 10:30am (AES
 T) Thursday 25 June 2026 <br/> Level 3\, Waterfront Place\, Brisbane <br/
 >   <br/> Please contact the exclusively appointed CBRE team for more inf
 ormation. <br/>   <br/> *Approx. <br/>   <br/> (1) BP <br/> (2) Landcheck
 er <br/> (3) Department of Transport & Main Roads <br/> (4) Gap Maps <br/
 > (5) Google Maps <br/> (6) Community ID <br/> (7) Townsville Enterprise<
 /P></body></html>
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