Officeworks 2247 Ipswich Road, Oxley, Qld 4075

Stonebridge is pleased to present ‘Officeworks Oxley (Brisbane)’ for sale via Expressions of Interest closing Thursday, 27 February at 3pm (AEDT).

The asset has the following key investment features:

   -  Renewed 7 year lease to 2031 plus options to 2051 with favourable CPI annual rent increases up to 4% (min 2%)

   -  Officeworks Ltd – Wholly owned subsidiary of ASX Listed Wesfarmers Ltd with revenues of $44.2Bn across 171+ stores nationally

   -  Large 2,873 sqm* site improved by immaculate and well maintained concrete tilt panel building with prominent signage and 35 car parks

   -  Longstanding and purpose built Officeworks outlet onsite for 20+ years

   -  Strategic position within strong retail & commercial precinct, adjacent First Choice Liquor and diagonally opposite Amart & Bunnings $60m superstore redevelopment

   -  Prominent exposure to Ipswich Motorway, accommodating 82,561+ vehicles daily and providing direct access to Brisbane CBD

   -  Ideal location near national retailers, Bunnings, The Good Guys, JB Hi-Fi, National Storage, Harvey Norman, Eureka Furniture, Supercheap Auto, Petstock & McDonalds

   -  Oxley – Established Brisbane metro suburb 10 km* from CBD and a major retail, commercial and industrial hub

   -  Brisbane – Booming capital city and economic engine of the $409 Billion* Queensland economy, population forecast to grow 40% in the next 20 years to 3.5 million* residents

   -  Net Income $511,634 pa* + GST

*Approximately

‘Officeworks Oxley (Brisbane)’ is for sale via Expressions of Interest closing on Thursday, 27 February at 3pm (AEDT).

Please contact the exclusively appointed Stonebridge property professionals for more information.

Property Code: 1147