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.

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