Asking Price Contact for pricing
Sq. Footage
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2005
Lot Size sqm.

Property Description

  • 4,424sqm* multi tenanted retail centre anchored by Bunnings Warehouse (ASX:WES)
  • Surplus land and leasing potential create immediate value add opportunity
  • Elevated 4,657sqm* site located 5.6km* southwest of the Brisbane CBD, with favorable mixed use zoning permitting development up to 20 storeys**
  • High profile location in immediate proximity to Indooroopilly Shopping Centre (180m*) and Indooroopilly Train Station (35m*)
  • Fully leased net income of $1,138,266* per annum with 61%* of passing income underpinned by Bunnings with options to 2046

*Approx.

**Subject to Council approval


For Sale via Expressions of Interest closing 5 March 2020 at 4:00pm (AEST).

Investment Highlights

  • Blue Chip Anchor - 61% of passing income derived from Bunnings Warehouse (ASX:WES)
  • High Exposure Site - Elevated 4,657sqm* prime corner land holding with three street frontages
  • NLA Expansion - Opportunity to expand the buildings footprint via the undeveloped land located at the site’s northern border
  • Strong Connectivity - Located adjacent to Indooroopilly Train Station and only 175m* from Indooroopilly Shopping Centre
Elliott O'Shea
Elliott O'Shea
Manager
Jacob Swan
Jacob Swan
Director, Retail Investments - QLD

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