Bunnings Warehouse, 258 Wingham Road, Taree, NSW 2430

JLL is pleased to present Bunnings Taree for sale by way of Expression of Interest closing 3:00pm (AEDT), Tuesday 11th March 2025.

Secured by a new 10-year net lease extension expiring in 2035, Bunnings Taree offers investors a defensive income stream of $1.42 million per annum and fixed annual rent reviews. Underpinned by Bunnings Group Limited, a subsidiary of Australia’s largest retailer Wesfarmers, the offering provides investors the opportunity to acquire a decade of financial security with guaranteed rental growth.*

Occupying a substantial 38,210 sqm landholding on Wingham Road, the site provides easy access to 344 on-grade car bays and has significant underlying future development potential due to favourable site coverage and development controls. Built in 2009, the Bunnings Taree spans over 13,664 sqm, featuring a main warehouse, nursery, and timber trade area.

Taree is the epicentre of the MidCoast Region and serves as a vital economic and administrative hub. Positioned 83 km south of Port Macquarie and 173 km north of the Newcastle CBD, the Greater Taree area is home to over 57,000 residents. The region boasts a diverse landscape and offers a wide array of events and experiences which attracts over 2.3 million visitors each year, contributing more than $600 million on average to the local economy. **,^ 

INVESTMENT HIGHLIGHTS

Secured by a new 10-year net lease extension (expiring 2034) with 8x6 year options. 

Underpinned by a fixed annual base rent review, ensuring stable rental growth and financial security for a decade. 

The only full-line Bunnings situated in an expansive trade area forming part of the MidCoast Region, forecast to support over 120,000 residents by 2046.^,^^

Occupying a significant 38,210 sqm landholding supported by favourable development controls providing strong underlying future development potential. 

Purpose built in 2009 and spanning over 13,664 sqm, Bunnings Taree presents an opportunity to acquire a prime investment at a price below replacement cost.

 Footnotes 
 All figures stated are approximate. 
 All references to distances are direct distances. 
 All references to financial information is estimated as at 30 June 2025 
 *Wesfarmers Investor Centre, as at February 2025 
 ** Australian Bureau of Statistics, Taree – Gloucester, 2021 Census data
 ^ idcommunity MidCoast Council Community Profile as at February 2025 
 ^^ idcommunity MidCoast Council Population Forecast as at February 2025