<p>The Withcott Town Centre enjoys a strategic position in the thriving Toowoomba region, Queensland's second-largest inland city behind Canberra. Located just 5km from the Toowoomba CBD, the property benefits from exceptional connectivity via the Toowoomba Connection Road, a major arterial route with over 25,000 vehicles passing daily.</p> <p>The Toowoomba region represents the western gateway to south-east Queensland's $237 billion economy and is experiencing significant growth and development. With a current population of 181,821 and forecast to exceed 204,000 residents by 2041, the region generates an impressive $14.76 billion in Gross Regional Product and supports over 93,000 jobs.</p> <p>As a <strong>booming tourism destination</strong>, the region welcomed more than 2.7 million domestic visitors in the year ending June 2023, contributing nearly $1 billion in expenditure. The area is currently benefiting from <strong>major infrastructure investments</strong> including the $1.3 billion Toowoomba Hospital Redevelopment, $15 billion Inland Rail project, and the $1 billion Wellcamp Business Park and Airport development.</p> <p>The region's strong economic fundamentals are underpinned by a diverse employment base, with healthcare and social assistance representing the largest employment sector at 18.8% of all jobs. Withcott itself serves as a convenient service hub for the surrounding communities, benefiting from its strategic position on the major transport corridor between Brisbane and the Darling Downs.</p>

<p>The Withcott Town Centre features a <strong>diverse and complementary tenancy mix</strong> across 8 retail spaces, creating a well-rounded service hub for the local community:</p> <p><strong>Major Anchor Tenant:</strong> FoodWorks occupies 551sqm (42.48% of the centre) and underpins 59% of the property's income. As Australia's second-largest independent supermarket chain, FoodWorks generates $1.35 billion in annual sales across more than 400 supermarkets nationwide. The tenant has secured a new 10-year lease until 2034 with options extending to 2044, providing exceptional covenant strength and long-term security.</p> <p><strong>Medical and Dental Operators:</strong> The centre features strong healthcare tenants including:</p> <ul> <li>Warrego Medical Centre (148sqm) - An established healthcare provider offering a comprehensive range of medical services with modern facilities and technology</li> <li>Town & Country Dental (99sqm) - A reputable dental practice providing comprehensive dental care with a focus on patient comfort</li> </ul> <p><strong>Food and Retail Tenants:</strong> The centre's offering is rounded out with complementary food and retail operators:</p> <ul> <li>Greedies Pie Shop (100sqm)</li> <li>Withcott Seafood & Pizza (99sqm)</li> <li>Withcott Hairdressing (43sqm)</li> <li>Premium Select Butchers (86sqm)</li> <li>Bones & Nicki Tuckerbox (171sqm)</li> </ul> <p>The tenant mix has been strategically curated to provide essential services and daily needs shopping, creating consistent customer traffic and complementary business operations. With 6 of 8 tenants on net leases providing 55% of total outgoings recoverable, the centre offers strong operational efficiencies for investors.</p>

<p>The Withcott Town Centre delivers <strong>strong financial metrics</strong> that position it as an exceptional investment opportunity:</p> <p>Current net income stands at <strong>$294,220 per annum</strong> plus GST, with stepped lease structures driving substantial growth to <strong>$318,220 per annum</strong> plus GST by July 2025, representing an impressive <strong>8.1% increase</strong> in just the first year.</p> <p>The property features a diverse income stream across 8 tenancies, with rental income of <strong>$370,469</strong> and recoverable outgoings of <strong>$80,150</strong>, totaling <strong>$450,619</strong> in gross income. After deducting land tax and total outgoings of <strong>$156,399</strong>, the resulting net income represents a solid return with built-in growth provisions.</p> <p>The financial security of this investment is further enhanced by:</p> <ul> <li><strong>55% of total outgoings recoverable</strong> with 6 of 8 tenants on net leases</li> <li><strong>59% of income underpinned</strong> by FoodWorks, Australia's second-largest independent supermarket chain</li> <li><strong>Long-term lease security</strong> with FoodWorks committed for 10 years plus options</li> <li><strong>Stepped rental increases</strong> built into lease structures</li> <li><strong>Fixed annual rental reviews</strong> across all tenancies driving consistent income growth</li> </ul>

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