New Freestanding Bunnings Warehouse in Key Growth Corridor
4404 Warrego Highway , Plainland QLD
Property Highlights
Description
Brand new 10 year lease to Bunnings Warehouse, plus options.
Blue-chip tenant, wholly owned by $62 billion Wesfarmers Limited, recently announced a 39% increase in first half earnings.
Booming growth corridor location, 60 km west of Brisbane CBD, median house price up 26% since April 2020**.
Primary trade area population of 48,430, forecast 31% growth by 2041***.
Strategic gateway site surrounded by Woolworths, McDonald’s, KFC, Hungry Jack’s, Aldi (under construction) and new $20 million Sophia College, all within 500 metres.
Brand new freestanding store, opened 5th June 2021, 58% of year 1 rent potentially tax deductible****.
Attractive net lease terms with the tenant responsible for council rates, water rates, building insurance, public liability insurance and land tax.
Net rent: $935,000 pa
Proudly developed by De Luca.
Auction Wednesday 23 June 2021
River Room, Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane
**CoreLogic
***Location IQ
****Napier & Blakeley
Property Details