Subdivision gets result
Two convenience retail investments in Ipswich’s high-growth Yamanto precinct have sold under the hammer as investors seek a safe haven in quality retail assets.
Two local investors paid $6.92m for the Ampol Service Station at 422 Warwick Rd in a deal that realised a 6.1 per cent yield, while neighbouring Zarraffa’s Coffee at 424 Warwick Rd sold for $2.735m on a 4.99 per cent yield.
The auction campaigns, which drew more than 110 inquiries and seven registered bidders, were marketed by CBRE’s Tom Lawrence, Matt Smith and Neville Smith on behalf of Quanta Investment Funds.
The two freehold properties were part of Yamanto Village which Quanta paid $21m for in 2022.
Quanta’s Head of Capital Transactions Andre Liu said the result reflected the trust’s strategic approach to managing Yamanto Village.
“Since being acquired in 2022, Yamanto Village has been actively managed with a focus on enhancing income, strengthening the tenant profile and identifying opportunities to create additional value,” he said.
“The subdivision into individual lots was an important part of that strategy, with the successful sale of these two assets delivering a strong outcome for the trust and its investors.”
Mr Lawrence said the result reflected the depth of demand for high-quality convenience retail assets within southeast Queensland’s key growth corridors.
“Investors continue to be attracted to assets that combine strong tenant covenant, modern improvements and long-term rental growth,” he said.
“These properties offered exactly that. Both occupiers are well-established national brands, the leases provide excellent income security and the assets occupy a highly visible position within one of Ipswich’s fastest-growing retail and residential precincts.
“The level of inquiry and bidding activity reinforced just how much capital remains focused on convenience-based investments that deliver both defensive income and future growth potential.”
Mr Smith said the sales demonstrated ongoing confidence in Ipswich and the broader southeast Queensland market.
“This result builds on from our previous result divesting the United Petroleum in Yamanto in December 2025 for $6.525m, reflecting a 5.99 per cent yield.”
Article by Chris Herde.
