Gladstone

220 Dawson Highway, Gladstone, QLD, 4680

Property Description

In September 2012, the Trust purchased Home Gladstone; an established Bunnings Warehouse and seven large format retail showrooms in the Gladstone suburb of Clinton, Queensland. The property was acquired from an institutional owner for $28.6m (including acquisition costs). The 5.5 hectare property is situated on the south-eastern side of the Dawson Highway approximately six kilometres south-west of Gladstone's business centre and less than a kilometre south from the Gladstone Airport. The property comprises a total lettable area of 21,516 square metres with approximately 527 car parking spaces. In addition to the Bunnings, the tenants for the remaining showrooms include Harvey Norman, Pillow Talk, BCF, Betta Electrical, Chemist Warehouse and Port City Pet World.

Land area

54,595 m²

The total GLA/retail area

21,516 m²

Bunnings lease commencement date

16/2/2007

Total Property Cost

$30,210,096

Current valuation

$54,800,000

Annual Rent

$4,166,379

Property Location

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