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5/48 Browns Plains Road, Browns Plains, QLD, 4118

Properties / Buy / Queensland / Browns Plains

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

PLEASE CONTACT EXCLUSIVE AGENTS

Land Area

2,615 m² (*approx)

Floor Area

2615 m² (*approx)

Property Type

Retail, Other

Sub-type

Large Format, Mixed Use

Terms

10-year lease plus options until 2039

Est. Income

$769,000 p/a

Fully Leased

Officeworks

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2. Property Highlights

OFFICEWORKS BROWNS PLAINS - FIRST TIME OFFERED IN 27 YEARS

LEASED TO TOP 10 ASX LISTED WESFARMERS
ESTABLISHED HIGH PERFORMING RETAIL HUB
2,615SQM PRIME LARGE FORMAT RETAIL ASSET

CBRE is pleased to present to market Officeworks Browns Plains - A high performing, trophy retail investment strategically located in a highly sought-after Large Format Retail (LFR) precinct.

- 100% leased to Top 10 ASX listed Wesfarmers (ASX:WES), trading as Officeworks

- 10 year lease to Officeworks ^ commencing 2009 with options extending to 2039.

- 2,615sqm* single tenant prime large format retail opportunity, with an easily managed income stream and certain income growth of 3% p.a.

- Officeworks is a longstanding tenant at this location having occupied the site since 2009

- Strategically positioned to benefit from a high-profile and tightly held Browns Plains retail precinct, adjacent to Westpoint Shopping Centre and opposite Grand Plaza Shopping Centre with neighbours including BCF, Petbarn, First Choice and Mcdonalds.

- Located 21km* south of the Brisbane CBD with a prominent frontage to Browns Plains Road ($10m+ cars annually) with direct access off the Mount Lindesay Highway

- Net Income of $769,000* p.a. + GST

- Net Income: $769,000 + GST

For Sale via immediate offers to purchase.

For further information on this opportunity, please contact the exclusive sales and marketing agents.

*approx.

^ including Road Tech Marine sublease

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