58 Woongarra Street, Bundaberg Central, QLD, 4670

Knight Frank Wide Bay/Fraser Coast is proud to present Bonalea Arcade, 58 Woongarra Street, Bundaberg Central QLD 4670 to the market for sale via Auction at 11:30am (AEST), Wednesday 12 August 2026, to be held at McGrath HQ, 19 Harris Street, Pyrmont, Sydney, with online bidding also available.

Positioned within the heart of the Bundaberg CBD, Bonalea Arcade presents a compelling value-add investment opportunity with significant upside through active leasing. Comprising a diverse mix of established retail, office and medical tenants, the property offers immediate holding income with the potential to substantially increase returns by leasing the remaining vacancies.

Key Investment Highlights:

- 1,900m²* freehold site across three titles (Lot 8: 1,012m²*, Lot 2: 382m²*, Lot 1: 506m²*)

- 979m²* Net Lettable Area

- 10 x Retail/Office tenancies ranging from 37m²* to 217m²*

- Diverse tenant profile including ABC Wide Bay, Medical Practice, Accounting Firm, Hair salons and NDIS support services

- Principal Centre (PCZ3 – City Frame Precinct) zoning

- Passing Net Income: $151,408.88 p.a.* (70% occupied)

- Estimated Market Net Income: $220,560.10 p.a.* (upon 100% occupancy)

- WALE of 0.9 years providing flexibility to reposition rental income

- 18 x On-site tenant car parks on Targo Street facing lot plus ample surrounding street parking

- Prominent 36-metre* frontage to Woongarra Street

- Strategically located within the Bundaberg CBD, surrounded by established commercial, retail and professional businesses

Bonalea Arcade represents an outstanding opportunity for investors, and value-add buyers seeking a well-located commercial asset with strong leasing upside and long-term growth potential.

Please contact Steve Bernstrom at Knight Frank for detailed Information Memorandum and to discuss this opportunity further.

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