OVERVIEW

On behalf of the vendors, Cushman & Wakefield Investment Sales QLD are pleased to exclusively present to the market 46 –54 Young Street, Barney Point, Queensland, for sale via an Expressions of Interest campaign closing on Thursday, 2st October 2025 at 4:00pm (AEST).

Comprising a substantial 5,032sqm* freehold parcel, the site is underpinned by a new 5-year lease to Anglicare providing secure holding income of $132,094* net per annum until 2030. Originally constructed as the Port Curtis Co-operative Dairy factory, the property retains its historic industrial character, offering a unique opportunity for purchasers to leverage its heritage identity and immediate recognisability in a repositioning. With low impact industry zoning and generous landholdings, the site is ideally suited to a range of industrial, commercial, or mixed-use redevelopment outcomes (STCA), blending historic value with modern functionality.

Strategically located in Barney Point, the property sits within minutes of the Port of Gladstone, one of Queensland’s most critical trade gateways, and offers excellent access to the Gladstone–Benaraby Road and Dawson Highway. Its proximity to the CBD, health, education, and residential catchments further enhances its appeal for long-term redevelopment. With Gladstone undergoing significant infrastructure investment in energy, resources, and logistics, the property’s heritage profile and location position it as a compelling redevelopment opportunity underpinned by strong regional growth.

The property benefits from the following key features:

• 5,032sqm freehold landholding* within Gladstone’s established industrial precinct

• Secure lease to Anglicare providing $132,094* net annual income until 2030

• Historic ‘Butter Factory’ building, presents unique repositioning and redevelopment opportunities

• Low impact industry zoning enabling flexible redevelopment options (STCA)

• Close proximity to Port of Gladstone, CBD, major arterials, and residential catchments

• Located in a region supported by major infrastructure projects and economic diversification

• Rare chance to combine immediate income security with a heritage-led development strategy

This offering provides purchasers the rare opportunity to reposition the sentimental ‘Butter Factory’, an asset that delivers both income certainty and unique heritage appeal, with the flexibility to create a landmark redevelopment that celebrates Gladstone’s history, whilst aligning with its positive economic future.

For further information or to arrange an inspection please contact Daniel Cullinane or Ned McConnel of Cushman & Wakefield Investment Sales QLD.

*Approximate