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

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 Expressions of Interest closing Thursday 2nd November 2023 at 4:00pm (AEST).

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

*approx.

^ including Road Tech Marine sublease

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3. Property Location

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

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4. Due Diligence

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