ASX Woolworths Group Anchored LFR Centre – Below Market Rents

Description

CBRE are pleased to offer to the market a premium multi-tenanted LFR centre located at 281-283 Brisbane Road, Monkland (Gympie) QLD, for sale via Expressions of Interest campaign.

+ Rare opportunity to purchase an under-rented multi-tenanted retail centre, positioned within a rapidly expanding large format retail precinct
+ Anchored by a renewed five (5) year net lease to Petstock (Woolworths Group) to 2029 plus two (2) further five (5) year options to 2039
+ Petstock: pet food retail giant with 276 stores across Australia & recently acquired by ASX listed Woolworths Group for $586m (1)
+ Supported by an eight (8) year net lease to Fitstop, a five (5) year net lease to OMF and a three (3) year lease to Country Care with options extending through to 2041
+ Fitstop (Aus fastest growing health and fitness brand with 200+ locations) and Original Mattress Factory (one of Aus largest sleep retail specialists with 50+ retail stores nationwide) (2 & 3)
+ Landlord-favorable leases, with the tenants responsible for majority of outgoings as per leases
+ Diverse income streams with a mixture of attractive fixed, compounding rental increases
+ Prime freestanding 1,727sqm* NLA across four complimentary retail tenancies with important 50+ car spaces on title
+ High-profile 4,684sqm* corner landholding with over 100m* of multi-retail frontage to the Old Bruce Highway & Brisbane Road
+ Old Bruce Highway: major Queensland thoroughfare linking Brisbane to North Queensland, carrying over 200,000 vehicles weekly (4)
+ Located at the gateway to Gympie’s new commercial precinct with multiple developments in construction leased to national operators JB Hi-Fi, Auto Masters, Pet Barn, Pillow Talk, Rebel, Eureka Furniture, & Silly Solly’s
+ Perfect retail location, adjoining Ampol and Car Wash and within 500m* of national retailers Bunnings, Mitre 10, BCF, Autobarn, TKD, Harvey Norman, Chemist Warehouse, Silly Solly’s, Totally Workwear and Burson Auto Parts
+ Gympie: Located 35km* North of the Sunshine Coast within the Wide Bay Burnett Region, a key growth corridor of Queensland, experiencing rapid residential population growth that now exceeds 330,000 residents (5)
+ Estimated Net Income: $375,839 pa* + GST (as at June 2026)

To be sold via Expressions of Interest
Closing 3pm (AEST) Wednesday 20 May 2026
(If not sold prior – firm instructions from vendor to sell)

Please contact the exclusively appointed sales team for more information.

* Approx
1 Petstock Group
2. Fitstop Website
3. OMF Website
4. Gapmaps 2022
5. Gympie Regional Council

Enquire

Contact agents
Louisa Blennerhassett Managing Director, Sunshine Coast
0447 904 552
Tom Lawrence Senior Negotiator
+61 428 626 117
Matt Smith Negotiator
+61 400 366 096
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Monkland, QLD

281-283 Brisbane Road

For Sale by Expression of Interest

This property is part of Portfolio 184

Price: Contact Agent

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