Fully Leased Warwick Home & Co Retail Centre Hits the Market Through Colliers

Strong demand expected for nationally tenanted Large Format Retail Centre in one of Queensland’s fastest-growing regional markets

A rare opportunity to acquire a fully leased, nationally tenanted Large Format Retail (LFR) Centre in one of Queensland’s fastest-growing regional markets is now available, with Warwick Home & Co officially hitting the market.

The asset is being offered via Expressions of Interest by Colliers experts Harry Dever, James Wilson, and Marlon Crawford. Located at 26 Palmerin Street, Warwick, the Centre occupies a prominent 4,226sqm site and has undergone major refurbishment, transforming the former Bunnings Warehouse into a high-quality, 2,522sqm single-level LFR investment.

Fully leased to national tenants Repco (NYSE: GPC) and Choice The Discount Store, the Centre is underpinned by long-term leases through to 2032 and 2035, offering investors a secure income profile and minimal management requirements.

“This is a tightly held investment in a region with significant economic momentum,” said Harry Dever, Associate Director, QLD Retail Middle Markets at Colliers.

“With strong national tenants and further development potential, Warwick Home & Co represents an exceptional opportunity for both private and institutional buyers.”

The site features 41 on-grade car parks, excellent visibility from Palmerin Street — Warwick’s main thoroughfare — and convenient access via Albert Street. It benefits from rising traffic volumes driven by ongoing infrastructure upgrades to the Cunningham and New England highways.

As part of the offering, buyers will also have the opportunity to acquire Stage Two of the development — a 4,609sqm adjoining site with DA approval imminent. Plans include a 1,895sqm GLA retail centre with 46 car parks, with an Agreement for Lease executed from major national tenants such as SNAP Fitness, with the remaining tenancies under negotiation with national retailers expected to be announced shortly.

“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,” said James Wilson, Head of Retail Middle Markets at Colliers.

“Last year alone, the LFR sector recorded $682 million in transactions across 24 deals — a 45 per cent increase on 2023 activity.”

“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.”

“Warwick and the broader Southern Downs region continue to attract investment across key industries,” added Marlon Crawford, Director of Large Format Retail at Colliers.

According to Location IQ, LFR spending in the region’s main trade area is forecast to grow from $190.4 million in 2021 to $298.8 million by 2041, highlighting long-term demand fundamentals.

Situated approximately 130km south-west of Brisbane and 70km from Toowoomba, Warwick Home & Co is a key retail asset in a region seeing over $2 billion in public and private investment.

A 100% interest in Warwick Home & Co is available for purchase via Expressions of Interest, closing at 2.00pm (AEST) on Wednesday, 2 July 2025.