Metro Brisbane Officeworks Investment

Burgess Rawson, MMJ Real Estate (Melbourne) Pty Ltd & Investwise Property are pleased to offer to the market, Officeworks, North Lakes QLD for sale via Private Treaty.

The property has the following investment highlights:

+ Leased to Officeworks until September 2027 plus options to 2047
+ 100% of rent from Officeworks; market leading essential service tenant – wholly owned by $51 billion Wesfarmers Ltd – with average annual sales growth of 9.1% since 2017
+ 4,029sqm* gateway corner site with 57 at-grade car spaces
+ Bunnings, Costco, McDonald’s, Reece, 7-Eleven, Taco Bell, ARB, Petbarn, Yamaha, Total Tools, Repco, Jaycar, Hill Top Shopping Centre within 1km*
+ Captive office and school supply markets with 35,460 workers and 20,938 full-time students within 5km (1)
+ Booming growth corridor location, with population forecast to jump by 45% by 2041 (2)
+ Strong growth with annual fixed 2.5% rent increases
+ Built in 2017 with significant depreciation benefits, 59% of year 1 potentially rent tax deductible (3)
+ Rare sub-$10 million Wesfarmers investment
+ Net Income: $372,936 pa* + GST

To be sold by Private Treaty

1. GapMaps
2. Moreton Bay Regional Council
3. JM Advisory

Burgess Rawson Agents
Neville Smith 0400 068 205