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Current Investment Opportunity

9 Year WALE

Combined Assets

100% Tax Deferred


Amplify Aligned​ Investment Partnership

7.0% p.a. - 8.5% p.a.
Divided Return

(7.0% p.a. Year 1) ¹‘ ²’ ³

11.5%p.a. Total
Return Forecast ¹

(Internal Rate of Return)

Dividends paid


Investment Term
7 years

Key Investment Highlights

1. Forecast returns are predictive in nature and are calculated in accordance with a number of underlying assumptions to be set out in the Information Memorandum (IM). As such, returns may be affected by incorrect assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. Returns are not guaranteed. 

2. 7.0% Annualised distribution yield for the period 1 June 2023 to 30 June 2024. 

3. 8.5% Forecast Return for Year 7 June 2029 – June 2030. 

4. Weighted average lease expiry (by income) as at 30 June 2023. 

5. Refer Information Memorandum 

6. Distributions will be paid if declared by Amplify Funds Management (Amplify) and will be subject to the terms set out in the IM. 

Townsville Central Business Park


Townsville City Council’s Waterfront Priority Development Area focuses on the Central Business Park precinct. By working with the Council and State development authorities, Honeycombes Property Group have been able to attract high caliber commercial office requirements as outlined below.


The mixed-use nature of the Business Park precinct provides benefits to the office occupants, residents and customers attending the energy-filled, Food, Beverage and Entertainment precinct. A footbridge links the Townsville Central precinct to the Townsville Stadium, Civic Theatre and the Motorsports center. A Hilton Hotel is proposed in this location to support the numerous visitors to the event spaces.


Townsville Central Business Park provides contemporary ‘campus style’ workspaces for the following:

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Testra Townsville

Telstra North Queensland Administration Centre

  • Brand New Buildings

  • 10yr Lease to Telstra

  • Campus style Office premises

  • 53 dedicated carparks

  • Technical Warehouse

  • Open Hardstand area

  • Full Depreciation Benefits

  • Optimised ESG Principals

  • NABERS Energy 5 Star Rating Targeted

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BCC Cinemaa Townsville

Central Village Cinemas


  • Entertainment Food and Beverage Precinct

  • Direct Access to Queensland Country Bank Stadium

  • Purpose Built with Design Re-use Flexibility

  • Access to 243 carparks

  • Option to purchase adjoining lot for parking and future development

Townsville Central Business Park

This precinct has converted Townsville CBD’s west sector into an energy-filled, self-sufficient and exclusive business community. 

This precinct has converted Townsville CBD’s west sector into an energy-filled, self-sufficient and exclusive business community.


Townsville Central Business Park incorporates a Entertainment & Food and Beverage precinct serving the worker and resident populations and linked by bridge across Ross Creek to the Stadium and High Performance Training facilities.


Townsville Central Business Park provides contemporary ‘campus style’ workspaces for the following:


• Australian Taxation Office

• News Limited’s North Queensland Newspapers

• Central Queensland University CBD Campus

• Depart of Veteran Affairs

• Queensland Rail Administration

Townsville Cental Business Park
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Townsville a Strong & Diverse Economy

The Townsville region hosts the largest city in Northern Australia, supported by a strong, stable and diverse economy.

The Region has a Gross Regional Product of $39.6 billion* with no sector being larger than 15% GRP ensuring cyclical fluctuations do not disrupt the entire economy.


The Townsville region’s population of over 240,000 people enjoy high levels of employment. Over 12,400 Businesses operate out of Townsville with the City supporting 109,413 jobs in the City and the region.


The Australian Defence Force have a major presence and Townsville and is Australia’s largest garrison city.

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​Download Tel Document

Townsville Economic Snapshot


$887 m building approval value

Real Estate

$320 k Median
house price


$3.9 bn GRP
contribution by 2050


35,600 students enrolled


$990 m of
non-ferrous metal reserves


Northern Australia's
largest cargo port


Australia's largest garrison city
13,000 FTE Jobs

Health Care

$1.6 bn Economic
5,840 FTE Jobs

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