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SOLD

Warwick Home & Life 74-80 Albion Street, Warwick, QLD, 4370

Properties / Sold / Queensland / Warwick

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

Contact Agent

Land Area

6,048 m² (*approx)

Floor Area

2865 m² (*approx)

Property Type

Retail, Child/Healthcare

Sub-type

Shopping Centre, Large Format, Health Care & Medical, Mixed Use

Est. Income

$778,192 p/a

Fully Leased

BCF, Petbarn, Doctors&Co, Café 63, and Anytime Fitness

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2. Property Highlights

Brand-New 100% Leased Large Format Retail Centre Anchored by BCF, Petbarn and Doctors&Co

Brand-New, 100% Leased to National Covenants
58% of GLA Secured by BCF & Petbarn
Long WALE of 9.0 Years (by Income)

Colliers are pleased to exclusively present for sale Warwick Home & Life – A brand-new secure investment with a 100% occupancy rate underpinned by ASX listed covenants BCF & Petbarn.

Occupying the 6,048sqm site, Warwick Home & Life is 100% leased to national covenants BCF, Petbarn, Doctos&Co, Café 63, and Anytime Fitness, serviced by 63 at-grade car parks. The centre is situated in the booming Southern Downs regional corridor 130 kilometres south-west of Brisbane and 70 kilometres from Toowoomba. Warwick Home & Life further benefits from 80 metres of frontage to the Cunningham Highway with exposure to 3.5 million* passing vehicles per annum with dual access to Oak Avenue.

Warwick is a location of choice for business, investment and employment. The region’s abundant industry diversity and transport infrastructure underpin its role as a major hub for Southeast Queensland’s agriculture, manufacturing, food processing, health and aged care, tourism and transportation.

Key Investment Highlights Include:

• 58% of the GLA is underpinned by ASX listed covenants including BCF & Petbarn

• 9.0 WALE by Income* and 8.8 WALE by area*

• 100% occupancy rate secured by reputable national retailers.

• Retail Spending is projected to increase to $289.8 million by 2041.^1

• Prized net lease structures with 100% of outgoings recoverable (excluding land tax).

• A large Main Trade Area of 50,192 persons due to strategic positioning.^1

• Highly accessible centre with abundant at-grade parking for 63 vehicles

• Recently constructed centre offering significant tax depreciations.

• Over $2.5 Billion worth of Infrastructure spend in the Southern Down’s region.

• Fully Leased Net Income - Estimated at $778,192 per annum (As of 1st December 2023)

* All figures are approximate only

^1 Location IQ Report, 2023

This exceptional opportunity to acquire a strong performing large format retail opportunity is being exclusively marketed by Colliers via Expressions of Interest (EOI).

For further information please contact the exclusive marketing agents at Colliers.

Harry Dever

0421 170 033

James Wilson

0402 079 304

Marlon Crawford

0415 480 874

Remember to mention you found this property on CommercialReady