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New Freestanding Brisbane Bunnings Freehold Investment

727 Gympie Road, Lawnton QLD

Property Highlights

Strategic site 21km to Brisbane CBD

Newly rebuilt, expanded and reopened

New 10 year lease to Bunnings

Description

Significant, high-profile site 21 km to Brisbane CBD, occupied by Bunnings since 2001.
Store completely rebuilt and foot print expanded by approximately 41% before reopening on 3 June 2019.
Brand new 10 year lease to Bunnings (plus options), arguably Australia’s best retailer with 15.5% average annual sales growth since 1995.
Supported in the Gympie Road retail corridor by Super Cheap Auto, Coles Express, Amart Furniture, PETstock, BCF, Petbarn, Chemist Warehouse, Australia Post, Toyworld, Medical Centre, Rebel Sport, Autobarn, Bob Jane T-Marts, Beaurepairs, Repco, Midas, Dulux, National Tiles, Lawnton Country Markets Shopping Centre and more.
Lawnton is a southern gateway suburb of the Moreton Bay growth region, where the LGA population has increased 39% since 2006*.
Evolving precinct with Lawnton Train Station just 750 metres away and 83,630 residents and 29,082 households within 5km**.
Opposite new 7 level apartment building and 600 metres from major 460 hectare residential, education and employment Priority Development Area, “The Mill”. Upon completion, The Mill will deliver 3,400 new dwellings, 10,000 new University places and 204,000 sqm of new commercial development.****
Annual compounding 2.5% rent increases, ensuring strong and certain rental growth.
Attractive, net Lease terms, where Bunnings pays all usual outgoings, including land tax.
Major depreciation benefits, estimated 49.6% of Year 1 rent potentially tax free***.
Rare sub-$20 million metropolitan Bunnings freehold investment opportunity, just 2 have sold on-market since 2016.
Rent: $875,712pa

Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne

* profile.id
** Gap Maps
*** Napier & Blakeley
**** The Mill Development Scheme

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
13,082 SQM
Gross Building Area
6,784 SQM

Contact Agents

Billy Holderhead

0422 817 696

Jamie Perlinger

0413 860 315

Beau Coulter

0413 839 898

Glenn Conridge

0413 873 337

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