Burgess Rawson from CBRE is pleased to offer to the market Dulux Smithfield located at 10 Danbulan Street, Smithfield (Cairns) QLD 4878 for sale via our Investment Portfolio Auction 181.

The opportunity has the following key investment highlights:

+ Brand new six (6) years, three (3) months year net lease to Dulux to December 2031 plus one (1) further five (5) year option to 2036
+ Dulux Group: Australia’s largest paint company with $1.307b revenue in 2023/24. (1)
+ Dulux Group: Wholly owned by Nippon Paint Holdings Co. Limited on the Tokyo Stock Exchange with a market cap of $21.6b AUD, purchased Dulux in 2019 for $3.8 billion*. (2)
+ Superb trading history with the current tenant trading from this site for 16 years (since 2009)
+ Landlord-favourable net lease structure, with the tenant paying all usual outgoings excluding land tax
+ Annual CPI rent reviews
+ Modern, 519sqm* tilt panel building featuring showroom, offices, and dedicated warehouse, benefiting from a recent extensive $125,000* internal fit-out and soon to undergo full external repaint
+ Prime 1,019sqm* freehold site in dominant retail corridor
+ Prominently positioned with seamless access to the Captain Cook Highway, a primary arterial carrying over 180,000* vehicles weekly.
+ Strategically positioned surrounded by multiple national operators Bunnings, BCF, Autobarn, PetStock and sitting within 300m* of Smithfield Shopping Centre, anchored by Woolworths, Coles, Kmart and 100+ specialties
+ Benefiting from a wide and diverse residential trade catchment of 76,303 residents within a 10 km radius, encompassing key population centers of Smithfield, Redlynch, Cairns Northern Beaches, and Kuranda.
+ Cairns: gateway to Australia’s Great Barrier Reef, economic output of $10.22 billion and Australia’s 5th largest regional city with a rapidly growing population forecast to exceed 265,000 by 2050*
+ Net Income: $100,886 pa* + GST

For Sale via Investment Portfolio Auction 181
10.30am AEST Thursday 11 December 2025
The Westin, Brisbane

Please contact the exclusively appointed sales team for more information.

*Approx.
(1) Dulux Group
(2) Nippon Paint