Lismore

2 Bruxner Highway, Lismore, NSW, 2480

Property Description

The property was developed by BBC Hardware Limited in 2001, and purchased by the Trust in April 2004. The property is positioned on the eastern side of the Bruxner Highway, in an established industrial area. The property has 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. A store expansion was completed in August 2015 at a cost to the Trust of $4,600,000. The Trust is currently committed to further expand the Bunnings Warehouse at a cost of $12.5 million, construction is progressing with works expected to be completed in the 2025 financial year. The Trust acquired for $1.5 million (from Bunnings) 1.77 hectares (transaction completed in October 2022) to facilitate the expansion of the store. On completion, Bunnings and the Trust entered into a new 10- year lease with six 5-year options.

Land area

38,290 m²

The total GLA/retail area

9,892 m²

Bunnings lease commencement date

21/4/2004

Total Property Cost

$15,886,169

Current valuation

$26,700,000

Annual Rent

$1,602,071

Property Location

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