![]() Asset Class: | Retail |
![]() Price: | $ 9800000 |
![]() Net Yield: | 6.20 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: |
This exceptional commercial property presents a unique opportunity to acquire the <br>premium facility Warwick Home & Co, located in the high-growth suburb of Warwick, where <br>large-format retail expenditure is projected to increase by 2.4% annually through 2041. <br> <br>This newly developed, single-level large-format retail center, currently undergoing a full <br>rebuild and refurbishment scheduled for opening in Q1 2025, spans a 4,200-square-meter <br>site with a total net lettable area of 2,522 square meters and includes 41 on-grade parking <br>spaces. The center is fully leased to national tenants: Repco, occupying 32% of the space, <br>and Choice The Discount Store, leasing the remaining 68%. Both leases commence on March <br>1, 2025, with long-term commitments ranging from 7 to 10 years, along with renewal <br>options of 2 x 5 years. <br> <br>Investing in this rare opportunity offers a strong net income of $608,903 per annum, with <br>annual rent increases of 3%, ensuring steady income growth over time
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Warwick, a regional town in Queensland’s Southern Downs, has deep agricultural roots and a growing local economy. Situated about 130 kilometers from Brisbane and 90 kilometers from Toowoomba, it serves as a central hub for surrounding farming communities.<br> <br>Agriculture remains fundamental, with farms producing grains, fruits, vegetables, and cattle, which supports associated industries like food processing, transport, and rural services.<br>In recent years, Warwick has seen increasing investment in retail, construction, and services, catering to a rising population. The town's location on the New England Highway, a critical regional transport route, has attracted businesses in retail and logistics. Notably, large-format retail expenditure in Warwick is projected to grow by 2.4% annually through 2041, reflecting a steady demand for consumer-focused businesses. Additionally, Warwick’s average household income is 4.4% higher than the Queensland benchmark, indicating a strong local economy.<br> <br>The housing market in Warwick has also seen significant growth. Median house prices have appreciated by 7.48% annually over the past five years, well above the Queensland average, driven by the town’s affordable living, desirable lifestyle, and increasing demand. Warwick’s proximity to the Queensland-New South Wales border, its scenic surroundings, and strong community appeal make it an attractive location for families, retirees, and small businesses. These factors, combined with ongoing infrastructure improvements and a growing tourism presence, are supporting Warwick’s sustained growth trajectory.
Additional Location Information FileRepco: <a target="_blank" href="https://www.repco.com.au/?cid=paidsearch_Repco-Brand_Repco-Exact_repco_Exact&gad_source=1&gbraid=0AAAAAC9C92ik5rik7O-8qkU3KiRcf7QFY&gclid=Cj0KCQiA57G5BhDUARIsACgCYnwvziVOh19Vxk6ZL55KnXCSmxkBc_jy1qcbJFmF2IbL7iVzzGkxs7AaAmSbEALw_wcB">https://www.repco.com.au/?cid=paidsearch_Repco-Brand_Repco-Exact_repco_Exact&amp;gad_source=1&amp;gbraid=0AAAAAC9C92ik5rik7O-8qkU3KiRcf7QFY&amp;gclid=Cj0KCQiA57G5BhDUARIsACgCYnwvziVOh19Vxk6ZL55KnXCSmxkBc_jy1qcbJFmF2IbL7iVzzGkxs7AaAmSbEALw_wcB</a><br> <br>Repco is a leading name in the Australasian automotive industry, recognized for its high-quality parts and nearly a century of trusted service. Founded in the early 1920s by Geoffrey Russell in Melbourne, Repco began as the Automotive Grinding Company, making replacement parts for the growing number of cars on Australian roads. The brand has played a significant role in Australian automotive history, from supporting the WWII effort to contributing parts for the first Holden in 1948. Repco even made its mark in motorsport, powering Sir Jack Brabham to victory in Formula One in 1966.<br> <br>Now part of GPC, a global leader in automotive parts, Repco operates over 400 stores with a strong distribution network across Australia and New Zealand. This extensive footprint ensures customers get the right parts on time, backed by a team of over 4,000 staff. Repco continues to uphold its reputation as one of Australasia’s most iconic automotive brands, committed to delivering quality and convenience across the region.<br> <br> <br>Choice The Discount Store: <a target="_blank" href="https://www.choicethediscountstore.com.au/?srsltid=AfmBOoqcmBZzY0fgG6gPdah-bo3Mq1F0wT2rcAkEfrDkQLyfjTWBxkga">https://www.choicethediscountstore.com.au/?srsltid=AfmBOoqcmBZzY0fgG6gPdah-bo3Mq1F0wT2rcAkEfrDkQLyfjTWBxkga</a><br> <br>Choice The Discount Store opened its first store in 1996 with the purchase of an existing Redbank store. Now with 25+ stores in Queensland and Northern New South Wales, Choice The Discount Store prides itself on delivering value for money to our local communities.<br> <br>Their team is always looking for new products to help their customers save on their everyday needs with brands like Rexona, Fab, Domestos & Cadbury to name a few.<br><p style=""><span style="color:rgb(0, 0, 0);"> </span></p>
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26 Palmerin Street Warwick - 2,522 sqm - $241/sqm 74-80 Albion Street Warwick – 2,865 sqm - $265/sqm 459 Pumicenstone Road Caboolture – 1,500 sqm - $220/sqm 5 Hall Road Glanmire – 1,430 sqm - $200/sqm Tenancy 4.1/ 215 Government Road Richlands – 1,083 sqm - $200/sqm Tenancy 4.2/ 215 Government Road Richlands – 870 sqm - $250/sqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Retail Asset </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Located in the high-growth suburb of Warwick</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> Projected retail expenditure growth: Expected to increase by 2.4% annually through 2041</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Newly developed facility scheduled to open in Q1 2025</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Single-level large-format retail center, fully rebuilt and scheduled to open in Q1 2025</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Site Area - 4,200-square meters </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Total Net Lettable Area - 2,522 square meters</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Ample parking - 41 on-grade parking spaces </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">National tenants: </span></p></li><ul style="list-style-type:circle;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Repco - Occupying 32% of the space </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Choice The Discount Store - Leasing 68% of the space</span></p></li></ul><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net income - $608,903per annum </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Annual Rental Increases – 3% </span></p></li></ul>