Colliers International and Knight Frank have the exclusive pleasure in presenting for sale the Bendigo Bank Building at 114 Brisbane Street, Ipswich, Queensland. Underpinned by a new 6-year lease to Bendigo Bank commencing in July 2019 for over 70%* of the NLA, the asset offers the following investment fundamentals:

- Modern 2009-built 4-level office asset in the heart of the Ipswich CBD;
- Net Lettable Area: 4,564m²*;
- WALE: 4.05 Years* (by income) as at 1 March 2020;
- 75* basement carparks (1:61m²);
- 5 Star NABERS Rating;
- Naming and signage rights to Bendigo Bank (ASX:BEN); and
- Located in the heart of the Ipswich CBD, one of Australia’s fastest growing LGA’s with a population growth rate of 5.38%* p.a.

Bendigo Bank’s presence in Ipswich originated over 140 years ago with the then Ipswich and West Moreton Building Society and continues to this day with over 230 staff employed in this facility. The current Bendigo Bank building encompasses the original heritage-listed Ipswich Post Office and Clock Tower, which has been refurbished into modern office accommodation.

Ipswich has a strong, diversified local economy underpinned by the defence, manufacturing, education, logistics, healthcare and residential sectors. With major infrastructure investment underway in the region including upgrades to RAAF Base Amberley and the $124.5m upgrade of the Ipswich Hospital, the region offers strong growth prospects for incoming investors.

The Bendigo Bank Building is for sale by offers to purchase.

For further information on this opportunity, please contact the marketing agents.

*Approximate