Cosgrove buys regional Queensland Harvey Norman
Banjo Bond’s Cosgrove Group has bought a part-revamped large format retail investment 130 kilometres south west of Brisbane.
The 7502 square metre holding at 64 Victoria Street, Warwick, set it back $7.45 million – an 8.25 per cent net passing yield.
With 3809 sqm, it is anchored to Harvey Norman on a lease expiring in 2034 with options until 2044.
Silly Solly’s occupies a recently renovated complementary tenancy.
The complex also contains 104 car parks.
The deal comes three weeks since we reported Cosgrove acquired Busselton Central – 223 km south of Perth – in Western Australia (continues below).
Australian Unity was that seller.
Last March meanwhile, Cosgrove acquired a showroom turned office in Brisbane’s outer north Lawnton, for $13.5m.
Amart founder John Van Lieshout was that vendor.
Colliers’ Harry Dever and LJ Hooker’s Chris Stewart marketed 64 Victoria St.
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