100 Angus Smith Drive, Douglas, Qld 4814

CBRE is pleased to offer to the market the Medilink Centre located on 100 Angus Smith Drive, Douglas (Townsville) QLD 4814 for sale via Expressions of Interest.
 
Medilink is one of North Queensland’s most strategically positioned healthcare and retail assets, located within the Townsville University Hospital and James Cook University
(JCU) precinct. Positioned directly adjoining the Townsville University Hospital and connected via a pedestrian skybridge, the centre benefits from exceptional daily foot traffic generated by healthcare
professionals, patients, visitors, students, academics and surrounding residential communities.

The opportunity offers the following key investment highlights:
 
+ Expansive 1.15ha site located within the core Townsville University Hospital & James Cook University (JCU) precinct
+ Desirable tenancy mix of Medical, Social and Retail operators including QLD Government, Good Start Early Learning, Wilson Parking, Subway, Zambreros and 1300SMILES
+ 56% of gross income is underpinned by Qld Government who occupy 64% of NLA
+ Favourable 3%, 3.5%, 4% & CPI rent reviews across all tenancies, ensuring consistent and compounding rental growth
+ Improved by a 3,526sqm* three level Medical and retail building, 135 on site car parks & 69 LDC place childcare center leased to Goodstart Early Learning
+ An exceptional opportunity to acquire a multi-tenanted medical asset at well below replacement cost
+ Ideally located adjacent to the Townsville University Hospital and directly connected via a pedestrian sky bridge
+ Exceptional daily foot traffic generated by healthcare professionals, patients, visitors, students, academics and surrounding residential communities
+ Set to benefit indirectly from the $1b upgrade to the Townsville University Hospital Precinct
+ Townsville: the largest city in Northern Australia, with population forecast to increase 52% to 306,053 residents by 2046*. Townsville is positioned for strong growth with over $27 billion in infrastructure projects underway
+ Passing Net Income: $1,777,250 pa* + GST
+ Estimated fully leased net income: $1,874,949 pa* + GST

For Sale via Expressions of Interest
Closing 3:00pm AEST Thursday 1 October 2026

Please contact the exclusively appointed sales team for more information.

*Approx.