SOLD

727 Gympie Road, Lawnton, QLD 4501

New Freestanding Brisbane Bunnings Freehold Investment

Significant, high-profile site 21 km to Brisbane CBD, occupied by Bunnings since 2001.
Store completely rebuilt and foot print expanded by approximately 41% before reopening on 3 June 2019.
Brand new 10 year lease to Bunnings (plus options), arguably Australia’s best retailer with 15.5% average annual sales growth since 1995.
Supported in the Gympie Road retail corridor by Super Cheap Auto, Coles Express, Amart Furniture, PETstock, BCF, Petbarn, Chemist Warehouse, Australia Post, Toyworld, Medical Centre, Rebel Sport, Autobarn, Bob Jane T-Marts, Beaurepairs, Repco, Midas, Dulux, National Tiles, Lawnton Country Markets Shopping Centre and more.
Lawnton is a southern gateway suburb of the Moreton Bay growth region, where the LGA population has increased 39% since 2006*.
Evolving precinct with Lawnton Train Station just 750 metres away and 83,630 residents and 29,082 households within 5km**.
Opposite new 7 level apartment building and 600 metres from major 460 hectare residential, education and employment Priority Development Area, “The Mill”. Upon completion, The Mill will deliver 3,400 new dwellings, 10,000 new University places and 204,000 sqm of new commercial development.****
Annual compounding 2.5% rent increases, ensuring strong and certain rental growth.
Attractive, net Lease terms, where Bunnings pays all usual outgoings, including land tax.
Major depreciation benefits, estimated 49.6% of Year 1 rent potentially tax free***.
Rare sub-$20 million metropolitan Bunnings freehold investment opportunity, just 2 have sold on-market since 2016.
Rent: $875,712pa

Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne

* profile.id
** Gap Maps
*** Napier & Blakeley
**** The Mill Development Scheme