Bite-sized Bunnings investment for sale

MARKUS Eames and Tarla Brennan of Cushman & Wakefield are currently marketing a regional Bunnings tenanted property with fantastic redevelopment opportunity.

26 Palmerin St, Warwick is offered to the market via Expressions of Interest closing Wednesday, April 12 at 5pm.

Bunnings Group Limited have a five-year lease through to October 2018 and are currently paying an annual net rental of $172,096 per annum.

The subject property is primely exposed with high visibility to Palmerin St & Albert St.

The property offers excellent frontage in an established commercial area with Principal Centre zoning.

Positioned in Warwick’s CBD the property is in close proximity to other key retail and business premises such as IGA, BP, KFC, McDonalds, Beaureapaires, and Rose City Shopping World.

Mr Eames said “not only does this asset represents a great rental return from Australia’s leading hardware retailer, there is also fantastic future upside with a prime land component of 6916sq m, over 10 lots, combined with a 2075sq m of building which will provide a number of future alternatives for redevelopment.”

Mr Eames, who is director of national investment sales at Cushman & Wakefield said, “the yield gap between regional and metropolitan investments are closing with the metropolitan buyers, armed with cheap cash and looking for return, are willing to consider regional areas with a strong tenant covenant and at the moment we have more investors than premium investments.”

For further information, you can contact Markus Eames on

0407 388 856.