CBRE are pleased to offer to market 154 Boundary Street, West End (Brisbane) QLD 4010 for sale via Investment Portfolio Auction 187.

The opportunity has the following investment highlights:

+ Anchored by a three (3) year lease to Jai Ambe Pharmacies (t/a TerryWhite Chemmart) to August 2028 plus one (1) further three (3) year option to 2031
+ TerryWhite Chemmart, opened its doors in West End in 1885 and Australia’s largest retail pharmacy network with more than 600 stores nationally (1)
+ Rental growth profile underpinned by a combination of CPI reviews and fixed 4.00% annual increases
+ Modern and well-presented 306sqm* building comprising a fully leased ground floor tenancy with immediate upside provided by a vacancy and important two on-site car spaces (2)
+ Arguably West End’s most iconic corner landholding with a substantial 41m* combined frontage to Boundary Street and Vulture Street (2)
+ Rare-to-market, short WALE opportunity, suiting passive investors, future owner occupiers and long-term value add owners
+ Significant barrier to entry: New PBS-approved pharmacies are generally subject to Pharmacy Location Rules, including a requirement to be at least 1.5km from an existing PBS pharmacy limiting competition and protecting established operators
+ Extremely well known and tightly held Brisbane retail location, on a prized corner location fronting historic Boundary and Vulture Street supporting a strong long-term trade
+ Strategically positioned within one of Brisbane’s most tightly held inner-city precincts, approximately 1km* from the Brisbane CBD. (4)
+ High-profile location surrounded by major national retailers including McDonald’s, Woolworths, Coles, ALDI, Domino’s, Grill’d, IGA and Subway (4)
+ Located within 1km* of the West Village Shopping Precinct, Harris Farm West End the West End Markets (4)
+ Brisbane: home of the 2032 Olympic Games and the third largest city in Australia, with a population forecast to grow 28.04% to exceed 3,300,000 residents by 2035 (5)
+ West End: prestigious suburb, with a median house price of $2,140,000 (6)
+ Estimated Net Income: $153,525 pa* + GST (as at September 2026)

For Sale via Investment Portfolio Auction 187
10.30am AEST Thursday 17 September 2026
Level 3, Waterfront Place, Brisbane City

Please contact the exclusively appointed sales team for more information

*Approx.

(1) Highgate Hill History
(2) RP Data
(3) Legal Vision
(4) Google Maps
(5) Queensland Government
(6) Realestate.com