Stonebridge Asia Practice Sourced Investor Secures Freestanding Officeworks for $9,500,000

Stonebridge Property Group is pleased to announce the successful sale of Officeworks Oxley, located at 2247 Ipswich Road, Oxley QLD.

The Officeworks outlet sits 10km west of the Brisbane CBD on a 2,783 sqm site and has occupied the property for over 20 years. Officeworks recently committed to a renewed 7 year lease term through to 2031, plus options to 2051.

Following a comprehensive national marketing campaign, the investment received 215 enquiries and eight formal offers.

The property sold unconditionally for $9,500,000, achieving a strong 5.38% yield.

The Expressions of Interest process was conducted by Stonebridge’s Michael Collins, Tom Moreland, Kevin Tong and James Freemantle.

Commenting on the sale, Michael Collins, Partner at Stonebridge, said “Being held by the same Owners for 20 years proves that Large Format Retail assets leased to tenant groups such as Officeworks continue to demonstrate their resilience. Significant demand was experienced from buyers across the country and reinforces how highly sought after assets such as this are to high net worth private investors,” he said.

Kevin Tong, Partner Asia Practice at Stonebridge Property Group added “the property was sold to a first time Asian Buyer sourced via our Stonebridge Asia Practice team. He was attracted to the blue-chip ASX listed tenant and their longstanding history of occupying this large and strategically located landholding.”

This sale follows approximately $250 million of freestanding investment sales by Stonebridge in 2025, with the firm recently launching their third National Portfolio of 2025, including a diverse offering of 19 assets across Australia.