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
+61 447 904 552
Tom Lawrence Senior Negotiator
+61 428 626 117
Matt Smith Negotiator
+61 400 366 096Enquiry Form
Monkland, QLD
281-283 Brisbane Road
For Sale by Expression of Interest
This property is part of Portfolio 184
Price: Contact Agent
Contact agents
-
Louisa Blennerhassett Managing Director, Sunshine Coast
+61 447 904 552 -
Tom Lawrence Senior Negotiator
+61 428 626 117 -
Matt Smith Negotiator
+61 400 366 096