Property Portfolio

LISMORE - 2 Bruxner Highway, Lismore, New South Wales

Brief description
A high clearance warehouse trading as a bulky goods retail outlet with associated car parking
Total retail area (sq.m)
10,076
Land area (sq.m)
20,620
Annualised rental ($)
861,000 as at 30 June 2010
Interest valued
Freehold, subject to lease
Original valuation
$7.75 million, June 2003
Purchase price
$7.75 million
Latest independent revaluation
$10.0 million, December 2006
Current valuation
$10.7 million, June 2010

The property was developed by BBC Hardware Limited in 2001, and purchased by the Bunnings Warehouse Property Trust in April 2004.  

The property is positioned on the eastern side of the Bruxner Highway, in an established industrial area.  Adjacent to the property on the western side of the highway is industrial development, and immediately adjacent the property on all three sides is vacant land.

The property has some 110 metres frontage to Bruxner Highway, and is readily accessible from the Bruxner Highway or alternatively via Three Chain Road.  The property has 215 car bays and the timber drive-through access is via the right of way to the rear of the property.

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