|Last Updated Date||23 Jul 2020|
For sale is the Bunnings Warehouse (ASX:WES), a 4,424 square metre multi-tenanted retail centre in Indooroopilly. This elevated site is located 5.6 kilometre southwest of the Brisbane CBD, with favorable mixed-use zoning permitting development up to 20 storeys (subject to council approval). The property offers strong connectivity, located adjacent to Indooroopilly Train Station and only 175 metre from Indooroopilly Shopping Centre.
For Sale via Expressions of Interest closing 5 March 2020 at 4:00 p.m. (AEST).
• Surplus land and leasing potential create immediate value add opportunity to this property
• Fully leased net income of approximate $1,138,266 per annum
• Blue Chip Anchor; 61% of passing income derived from Bunnings Warehouse
• High exposure site of prime corner land holding with three street frontages
• Opportunity to expand the buildings footprint via the undeveloped land located at the site’s northern border