Officeworks Anchored Brisbane LFR Centre

Ray White Retail in conjunction with Cushman & Wakefield are proud to present 130-134 Gympie Road, Strathpine (Brisbane) QLD. For sale by Expressions of Interest closing Wednesday 11th November at 2pm (AEST)

|What|
• 4,649sqm* Brisbane large format retail (LFR) centre
• Anchored by officeworks since 2010, with a renewed 5-year lease to 2030
• A 3.04 Year WALE, with Officeworks supported by four additional tenancies
• 160* on-site car parks
• Est. Fully Leased Net Income of $986,787 + GST p.a.

|Where|
• Prominent 1.17ha* landholding, 17km* North of the Brisbane CBD
• In the bustling Strathpine retail precinct, which is continuing to thrive with new projects such as the Comiskey Group's Country Club Hotel development
• Major arterial positioning along Gympie Road with exposure to over 194,000 vehicles weekly
• Within the City of Moreton Bay, one of Australia's fastest growing local government areas

|Why|
• Low average gross rent of $257/sqm*
• Officeworks rent reviewed to market on its next option in 2030
• Officeworks are one of Australia's leading retailers, and are a wholly owned subsidiary of ASX-listed giant Wesfarmers
• Significant recent capital works, including over $150,000 in new air conditioning
• Defensive LFR asset, with limited metro supply driving up demand and rents from tenants for existing properties

*Approximately

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