540 Yaamba Road, Rockhampton City QLD

For Sale

Retail

For Sale by Expressions of Interest

17510m2

    • Building Name Bunnings Centre Rockhampton
The property comprises a dominant Bunnings anchored centre, and is Rockhampton’s only Bunnings supported by a freestanding large format retail building featuring four tenancies including Autobarn, Freddy’s Fishing World & Outdoors and Petstock. The centre features extensive grade level parking for 448* vehicles including 108* under shade sails.

Bunnings Centre Rockhampton is located in the suburb of Norman Gardens, Rockhampton 7km* kilometres north of the Rockhampton CBD and centrally located in the large format retail precinct of Rockhampton. The property boasts excellent access and exposure to Yaamba Road, the local section of the Bruce Highway which carries an average daily traffic volume of over 25,900* vehicles per day or circa 9.4million* vehicles annually. (Source: QLD DTMR)

Key highlights include:

• Dominant Bunnings anchored centre supported by Autobarn, Freddy’s Fishing World & Outdoors and Petstock

• Anchored by the only Bunnings in an expansive trade area of 230,000* people which is forecast to grow to over 253,000* by 2031^

• Long lease security featuring a WALE of 8.36 years* by area including Bunnings lease to 2030 plus options to 2078. Bunnings occupy 76.7%* of GLA

• High exposure location on the Bruce Highway with exposure to 9.4 million* vehicles passing per per annum

• Dominant location – located in Rockhampton’s dominant retail and large format retail precinct

• Modern centre developed in late 2013 with strong depreciation benefits

• Attractive net lease profile including recovery of the majority of Land Tax

• Estimated Net Income $2,605,820pa* (fully leased)


*Approximate
^Source: Location IQ

For sale by Expressions of Interest closing 3pm Monday 3 June 2019.