Officeworks & JB Hi-Fi Warrnambool, 65-69 Raglan Parade, Warrnambool VIC
Stonebridge, through its May National Portfolio, has been exclusively appointed to sell a prime investment opportunity in the Officeworks and JB Hi-Fi Warrnambool. Nestled within Warrnambool’s LFR (Large Format Retail) precinct, this property presents a rare chance to acquire a blue-chip ASX tenanted asset in a strategic location.
Occupying a substantial 8,107 sqm* landholding, the property enjoys proximity to major national retailers including Bunnings, Harvey Norman, Spotlight, The Good Guys, and Rebel Sport. Boasting a brand new 3,570 sqm* high-quality building, the investment offers exposure to over 6 million vehicles per annum^ and an impressive 90 meters of main arterial street frontage.
The anchor tenants, Officeworks, a subsidiary of the esteemed $74.39B^^ Wesfarmers Ltd (ASX:WES), and the $6.69B^^ JB Hi-Fi Ltd (ASX:JBH), collectively recorded a remarkable $10.91B* in sales in 2023. Their presence underscores the stability and attractiveness of this investment opportunity.
“Following our successful sale of Officeworks in Shepparton for $11,610,000, we are delighted to present Officeworks and JB Hi-Fi Warrnambool. This strategically positioned investment, anchored by ASX powerhouse tenants, offers investors a rare chance to secure a premium asset in a thriving location.” Rorey James
Warrnambool, a regional township located at the end of the iconic Great Ocean Road, is renowned for its picturesque landscapes and vibrant tourism industry. With over 6 million tourists visiting the Great Ocean Road annually, the region generates an impressive $1.55 billion in visitor spending, highlighting the economic resilience and growth potential of Warrnambool and its surrounding areas.
“Officeworks and JB Hi-Fi, with their strong brand recognition, enhance the stability of this investment in Warrnambool, a dynamic regional township at the gateway of the Great Ocean Road, known for its bustling tourism industry and vibrant retail landscape.” Kevin Tong
