Brand New Large Format Retail Investment Anchored by Leading ASX Listed Retailers
Stonebridge Property Group is pleased to present Officeworks and JB Hi-Fi Warrnambool, for sale via Expressions of Interest closing Thursday 30th May 2024 at 3pm (AEST).
The key highlights of the opportunity include:
- 100% leased to powerhouse tenants Officeworks (7-years) and JB Hi-Fi (5-years)
- Officeworks is wholly owned by Wesfarmers Ltd (ASX:WES) a top 50 ASX listed company with a market capitalisation of $74.39 billion^
- JB Hi-Fi Limited (ASX:JBH) is a top 100 ASX listed company with a market capitalisation of $6.69 billion^
- High quality 3,570 sqm* retail building providing significant depreciation benefits
- Prominent 8,107 sqm* landholding in Warrnambool’s LFR precinct which includes Bunnings, Harvey Norman, Spotlight, The Good Guys, Rebel Sport plus many others
- Prime position on Raglan Parade which provides access to Warrnambool Town Centre (4.5 km*) and access to the nearby Gateway Plaza (450 m*) anchored by Coles, Kmart, ALDI and Chemist Warehouse
- Net income of $811,358 p.a* + GST with capped CPI increases
Officeworks and JB Hi-Fi Warrnambool VIC is offered for sale via Expressions of Interest closing Thursday 30th May 2024 at 3pm (AEST). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Rorey James
0439 400 081
Kevin Tong
0422 848 818
Justin Dowers
0438 098 805
* Approximately
^Marketindex.com.au/asx
Property Code: 940