Fully-leased large format retail centre Warwick Home & Co at 26 Palmerin Street, Warwick in Queensland has officially been listed for sale.
Colliers agents Harry Dever, James Wilson, and Marlon Crawford are managing the Expressions of Interest campaign set to close on July 2, 2025.
Located around 130km south-west of Brisbane and 70km from Toowoomba, the asset is positioned within a region experiencing over $2 billion in combined public and private investment. It spans a 4,226sqm site and has been refurbished from a former Bunnings Warehouse into a quality 2,522sqm single-level LFR asset.
Warwick Home & Co has long-term lease agreements with national retailers Repco and Choice The Discount Store running through 2032 and 2035, offering investors reliable income and low management requirements.
“This is a tightly held investment in a region with significant economic momentum. With strong national tenants and further development potential, Warwick Home & Co represents an exceptional opportunity for both private and institutional buyers,” said Harry Dever, Associate Director of QLD Retail Middle Markets at Colliers.
The site includes 41 on-grade parking spaces, strong visibility on Palmerin Street (Warwick’s main road), and easy access from Albert Street. It benefits from increasing traffic volumes from ongoing infrastructure improvements on the Cunningham and New England highways.
Buyers may also acquire Stage Two of the development, which is a nearby 4,609sqm site with Development Approval expected soon. The proposed plans comprise a 1,895sqm GLA retail centre with 46 car parks. An Agreement for Lease is already in place with SNAP Fitness, and additional national tenancies are currently under negotiation.
“There is strong appetite for quality retail investments in this region, demonstrated by Colliers’ $11.8 million sale of the nearby Warwick Home & Life Centre in April 2024. Last year alone, the LFR sector recorded $682 million in transactions across 24 deals — a 45 per cent increase on 2023 activity,” said James Wilson, Head of Retail Middle Markets at Colliers.
“Warwick and the broader Southern Downs region continue to attract investment across key industries. Its economy is underpinned by a diverse mix including agriculture, logistics, manufacturing, tourism, and health. Government-backed infrastructure projects are reinforcing the region’s growth trajectory,” said Marlon Crawford, Director of Large Format Retail at Colliers.
Location IQ forecasts that LFR spending in the main trade area will rise from $190.4 million in 2021 to $298.8 million by 2041, showing long-term demand fundamentals.