Knight family's North West Qld Caltex stations spark major buyer interest

Thanks to the rollout of Copperstring, four Caltex service stations across North West Queensland are attracting strong interest, even from overseas. See where they are.

Caltex service stations in Mount Isa, Camooweal, Cloncurry, Julia Creek, are for sale as part of the North West Queensland Service Station Portfolio. Picture: Colliers.

A family’s sale of four service stations across North West Queensland is sparking significant buyer interest, thanks to the strong future prospects created by the Copperstring project rollout, and the growth in critical minerals and green energy sectors.

Earlier this month, the Knight Property Portfolio of Caltex-branded services Julia Creek, Cloncurry, Mount Isa and Camooweal, was listed for sale by expressions of interest by Ray White and Colliers Townsville.

Positioned on one of Australia’s most critical logistics corridors on the Flinders and Barkly Highways, the freehold properties offer multi-income models through the sale of fuel, retail, licensed dining, workshops, accommodation, with the capacity to expand.

After a family-owned operation gradually purchased the properties to build an investment portfolio, Ray White sales agent Dan Ryder said they had now reached the point where they were ready to realise some assets.

He said interest had been “very strong”, with their phone lines lighting up immediately with dozens of inquiries, not just around Australia but internationally.

Ray White sales agent Dan Ryder says there's plenty of interest in the North West Queensland Service Station Portfolio. Picture: Supplied.

“The mix of demography ranges from institutional level investors, existing portfolio operators of service station road houses, as well as owner operator inquiries,” Mr Ryder said.

“The properties are all freehold going concerns, and they are all individually under management, and so the appeal is quite broad to institutional investors uh and investors alike on the basis that there is an existing long-running management structure.”

Caltex Service Station at 5-9 Ramsay St and 6 Scarr St, Cloncurry is for sale as part of the North West Queensland Service Station Portfolio. Picture: Colliers.

Caltex Service Station at 83 Burke Street, Julia Creek is for sale as part of the North West Queensland Service Station Portfolio. Picture: Colliers.

Colliers Townsville managing director Peter Wheeler said the properties were strategically located in areas with strong representation from the mining and agriculture sectors and businesses supporting these industries.

“We believe this is a significant opportunity for someone new to take the businesses to the next level off the back of major future infrastructure projects in the corridor such as Copperstring,” Mr Wheeler said.

Colliers Managing Director Peter Wheeler. Picture: Shae Beplate.

“The businesses and freehold properties are being marketed nationally by way of expressions of interest and can be purchased in one line, or individually.”

For more information, visit: www.colliers.com.au.

Property locations

• 83 Burke St, Julia Creek

• 5-9 Ramsay St and 6 Scarr St, Cloncurry

• 14 Marian St, Mount Isa

• 26-36 Kennedy St, Camooweal

Caltex Service Station at 26-36 Kennedy Street, Camooweal is for sale as part of the North West Queensland Service Station Portfolio. Picture: Supplied.

Investment Highlights

• Strategic highway locations along the Flinders and Barkly Highways

• Multi-income model: fuel, retail, licensed dining, workshops & accommodation

• Combined fuel storage of 465,000L+ and 80+ dispensing hoses

• Large freehold landholdings up to 12,000m² with expansion potential

• Positioned within the CopperString 2032 growth corridor

• Well-established Caltex branding with strong customer loyalty

• Proven trading performance and essential service offering

Originally published as Knight family's North West Qld Caltex stations spark major buyer interest