零售投资 | $12,692,421 | 净收益率: 6.24% | QLD

A purpose-built retail complex delivering secure income anchored by three national tenants in one of Queensland's strongest growing markets. 355 Brisbane Street West, Ipswich presents a strategically positioned investment in a rapidly expanding suburb, just 30 kilometres from the Brisbane CBD.

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Constructed in 2018 by Hutchinson Builders, this modern retail complex comprises 3,001 square metres of net lettable area on a substantial 6,081 square metre freehold land parcel. The property features prime position along Brisbane Street with 65 metres of direct frontage and exposure to over 23,573 vehicles daily. Complemented by 69 at-grade car parks, the asset offers excellent accessibility and visibility within a thriving retail precinct.

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The property is 100% leased to three national tenants: Anaconda (59.5% of lettable area), a wholly owned subsidiary of Spotlight Group operating for 45 years with over 100 stores across Australia, New Zealand, and Asia Pacific; Wattyl Paints (19.8%), established in 1915 and wholly owned by Hempel Group, the world's largest paint coating manufacturer; and Tomra (20.8%), founded in 1972 with approximately 105,000 installations in over 100 markets worldwide.

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With a purchase price of $12,692,421.00 and total cash required of $5,420,347.10 (including 35% deposit and purchasing costs), the investment delivers net annual cash flow of $792,475.00 and a net yield on property of 6.24%. When accounting for purchasing costs, the net yield is 5.80%. Return on equity of 4.73% in pure cash flow terms increases to 16.44%, 21.12%, and 28.14% with conservative capital growth assumptions of 5%, 7%, and 10% respectively.

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The property combines fixed 3% and 3.5% annual rental increases with institutional-grade tenant covenant. Anaconda and Wattyl Paints are positioned at $290/sqm and $284/sqm respectively, below comparable market rates of $300/sqm net, indicating clear rental reversion upside.

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Ipswich is Queensland's fourth largest and fastest growing city, with current population exceeding 242,600 and 3.4% growth rate over the past five years. Population is forecast to grow 5.1% annually to exceed 529,000 residents by 2046. The region's $12 billion gross regional product and 3.7% average growth significantly exceed Australia's 2.47% long-term average. Key industries include healthcare, defence, and manufacturing, supported by major infrastructure projects including Ipswich to Toowoomba Rail, Warrego Highway upgrades, Cross River Rail, and Ipswich Hospital Campus development.

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The property is surrounded by complementary national brands including Bridgestone, IGA, Spotlight, Tradelink, Suzuki, Bunnings, Midas, and Total Tools. Nearby Riverlink Shopping Centre attracts 3.5 million+ visitors annually. The investment reflects the calibre of well-positioned, income-producing assets Rethink Investing continues to secure for clients seeking quality retail exposure in strong growth markets.

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ABOUT RETHINK INVESTING:

• Australia & New Zealand's largest and most experienced commercial buyer's agency
• $7 billion+ in commercial property secured for clients
• Exclusive access to 70% off-market opportunities
• Specialists in high-yielding commercial property investments

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Secure your next high-performing retail asset with our expert team.