Added 1 day ago
FoodWorks, 656 Toowoomba Connection Road,
Withcott, QLD 4352
Shops & Retail • Offices
Added 1 day ago
Price information
Sale - Auction Thu 31 Oct
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$279,013
Number of Tenants
8 Tenants
Tenants / Type
Supermarket & Retail
Auction
Private inspections
to arrange a private inspection.
Burgess Rawson - Brisbane
Level 13, 241 Adelaide StreetBRISBANE CITY, QLD 4000
FoodWorks, 656 Toowoomba Connection Road
Withcott, QLD 4352
Map of FoodWorks, 656 Toowoomba Connection Road
Bus stops within 5 km of FoodWorks, 656 Toowoomba Connection Road, Withcott, QLD 4352 Distance Withcott 89 m Wirra Wirra Street Near Fairholme College 4.6 km Rowbotham St Near Tourist Rd 4.7 km Curzon St Near Dunmore St 4.7 km Curzon St Near Bridge St 4.7 km POWERED BY HERE ©
POWERED BY HERE ©
Fully Leased FoodWorks Retail Centre | New 10 Year Lease Plus Options to 2044
- 9,015sqm* highway site
- Long WALE - 5.36 years*
- Impressive 1,297sqm* centre
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.
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.
Property ID: 504704360Last Updated: 3 Oct 2024
Burgess Rawson - BrisbaneLevel 13, 241 Adelaide Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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