Bunnings Bundamba_Property for Sale
Bunnings Bundamba_Property for Sale
2 Agnes Street, Bundamba, QLD, 4304, AU

Bunnings Bundamba

Asset description

Colliers, in conjunction with JLL, are pleased to present an exciting opportunity to acquire a 100% interest in Bunnings Warehouse Bundamba, ideally located within one of South East Queensland’s fastest-growing corridors, positioned between Brisbane and Ipswich.


The Bunnings Warehouse investment, featuring an Initial 12-year lease term recently extended to 14 years (exp. 2030) plus six 5-year options to 2060, with an 3% fixed annual rental review mechanism.¹


The 14,228m² full line Bunnings Warehouse occupying a high-profile 2.35 ha site is prominently located in Bundamba, 36km South West of the Brisbane CBD and 5km east of the Ipswich town centre.


+ Secured to Top 10 ASX Listed Company – Anchored to Bunnings Group Limited a subsidiary of Wesfarmers Limited.²

+ Security of Covenant – Secured to 12-year lease term recently extended to 14 years (exp. April 2030) with options to 2060.

+ Minimal Management – Prized net lease structure with 99.7% of income secured by Bunnings Group Limited.

+ Strong Rental Growth – 3% fixed annual rental review mechanism.¹

+ Prime Location – Prominent 2.35 ha site, Zoned LB10- Local Business & Industry (Bundamba), 36km from Brisbane CBD.


Expressions of Interest closing 2.00pm (AEST) on Wednesday, 20 May 2024.


1 except in 2029

2 as at April 2024

*approx.

...

Attributes

Building area net
14,228 sm

Media

Investment highlights

Featuring prized net lease structure

Underpinned by ASX top 10 company

99.7% of income secured by Bunnings


Bunnings Bundamba 4_Property for Sale
Bunnings Bundamba 4_Property for Sale

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Bunnings Bundamba (0 Properties)

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Last updated
May 16, 2024