



AUCTION POSTPONED Knight Frank Australia and Healthspace Property are pleased to present for sale 28 Browns Plains Road, a fully leased, land-rich commercial investment occupying a prominent 4,014 sqm* allotment directly opposite Grand Plaza in Browns Plains, Queensland, approximately 29 km* south of the Brisbane CBD. Anchored by ASX-listed Westpac and fully leased to six tenants, the asset is supported by a complementary mix of service tenants including Absolute Physio & Rehab, Amplifon and Early Bird Cafe, delivering an estimated net passing income of $371,768 per annum* with reversionary rental upside at expiry. The property is offered with a current development approval for approximately 2,617 sqm* of additional commercial GLA across two new buildings, giving an incoming purchaser a clear, shovel-ready value-add pathway over the surplus on-site land, with DA currency to August 2028. Positioned within Logan, one of Queensland’s fastest-growing LGA (+3.1% in FY25, ERP 403,515), the precinct benefits from a trade catchment exceeding 111,000 residents and the drawing power of the Vicinity-owned Grand Plaza Regional Shopping Centre opposite, anchored by Big W, Kmart, Target, Coles, Woolworths and Aldi alongside 110+ specialty retailers. Key Investment Highlights: - Fully leased to six tenants, anchored by ASX-listed Westpac - $371,768 p.a. net passing income* with reversionary rental upside at expiry - Land-rich 4,014 sqm* allotment with more than 60 metres* of frontage on a flat, regular site - Shovel-ready development approval for approximately 2,617 sqm* of additional commercial GLA across two new buildings, current to August 2028 - 691 sqm* of net lettable area across a diversified, complementary tenancy mix - 61 on-grade car parks - Directly opposite the Vicinity-owned Grand Plaza Regional Shopping Centre and a major Translink bus interchange - Logan – one of Queensland’s fastest-growing LGA, trade catchment exceeding 111,000 residents Approximately 29 km* south of the Brisbane CBD * Approximate, as at 1 October 2026 28 Browns Plains Road is For Sale by Auction.
Email enquiry to Knight Frank - Brisbane
Property ID: 505245072
Original Property ID: 505245072