Browns Plains

65-101 Browns Plains Road, Brown Plains, QLD, 4118

Property Description

The property, comprising an established Bunnings Warehouse and three large format retail showrooms was acquired in April 2012 for $25.6 million (including acquisition costs) from an institutional owner. The 4.7 hectare property is situated on the corner of Browns Plains Road and Commerce Drive approximately 25 kilometres south of the Brisbane central business district. The property comprises a total lettable area of 18,398 square metres with approximately 533 car parking spaces. In addition to Bunnings, the tenants for the remaining showrooms include Spotlight, The Good Guys and Best Friends.

Land area

46,970 m²

The total GLA/retail area

18,398 m²

Bunnings lease commencement date

7/5/1999*

*refers Bunnings lease commencement only

Total Property Cost

$26,138,578

Current valuation

$50,300,000

Annual Rent

$3,312,513

Property Location

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