242 Brisbane Street, West Ipswich QLD

For Sale


For Sale by Negotiation


242 Brisbane Street comprises a fully leased brand new retail centre dual-anchored by Puma Energy and Hungry Jacks (underwriting 63%* of the Centre’s gross income) and supported by four national brand tenants: Zarraffa’s Coffee, Snap Fitness, TSG Tobacco and Sunshine Kebabs. The property incorporates three adjacent buildings and a service station canopy plus two “drive-thru” facilities for both Hungry Jack’s and Zarraffa’s tenancies. Convenient car parking is provided for 66* vehicles on site.

242 Brisbane Street is located in the established suburb of West Ipswich in Brisbane’s western growth corridor, one of the fastest growing regions in Queensland. The Centre is situated diagonally opposite Bunnings Warehouse and occupies an easily accessible, high exposure main road location at the traffic light controlled intersection of Brisbane Street and Clay Street, within 1* radial kilometre from the Ipswich CBD and 31* radial kilometres south-west of the Brisbane CBD.

Key attributes include:

- Brand new retail centre - National and Brand tenant mix

- Comprising a Puma Energy Service Station, Hungry Jack's, Zarraffa's, Snap Fitness, TSG Tobacco & Sunshine Kebabs

- Long term lease expiry profile (WALE) – 12.75* years by income

- 100% leased with guaranteed rental growth

- All leases feature fixed annual reviews of up to 4%

- High profile, main road corner location opposite Bunnings Warehouse in Brisbane's western growth corridor

- Site Area: 5,854sq m*

- Lettable Area: 1,497sq m* (includes fuel canopy)

- Estimated Net Income $868,819pa*


For Sale by Negotiation