Burgess Rawson is pleased to offer to the market the Withcott Town Centre located at 656 Toowoomba Connection Road, Withcott (Toowoomba) QLD for sale via our Investment Auction Portfolio 172.
This opportunity has the following key investment highlights:
+ Anchored by a new ten (10) year lease to FoodWorks to 2034 plus options until 2044
+ Foodworks: Australia's second largest independent supermarket chain with $1.35 billion in annual sales
+ Supported by new five (5) year leases to experienced medical & dental operators until 2029 plus option to 2034
+ Outstanding rental provisions with stepped leases in the first year providing a forecast 14% rental increase by July 2025 (equating to $39,207 pa*)
+ Diverse and complementary tenancy mix with 59% of income underpinned by Foodworks, Medical Centre & Dentist
+ Rare opportunity to purchase a fully tenanted, multi-tenanted retail centre with a long 5.36* year WALE
+ Expansive 9,015sqm* freehold highway site directly connecting to the Toowoomba CBD with exposure to 25,000 vehicles passing daily*
+ Impressive 1,297sqm* NLA freestanding retail centre with recent capital upgrades
+ 6 of 8 tenants on net leases providing 55% of total outgoings recoverable
+ Toowoomba Region: the western gateway to the $237 billion south east Queensland economy, with population forecast to exceed 204,000 people by 2041
+ QLD's 6th largest region by population, the Toowoomba Region generates $14.76 billion in Gross Regional Product (GRP) with an estimated 93,206 jobs in the area
+ The Toowoomba Region is nestled within Southern Queensland Country, a booming tourism destination that welcomed more than 2.7 million domestic visitors in the year ending June 2023, contributing an impressive $978.8 million in expenditures
+ Net Income: $279,013 pa* + GST ($318,220 pa* + GST as at July 2025)
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 31 October 2024
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
