Warwick’s Harvey Norman Centre sells for $1.8 million at auction

The huge sale could bring the potential for major development at the once-bustling Rose City retail precinct, including a possible centre upgrade and new businesses.

SOLD: The Harvey Norman building on Victoria Street in Warwick has been snapped up by a Brisbane developer for $1.8m.

One of Warwick’s biggest shopping precincts has been sold for a whopping seven-figure sum, bringing potential to breathe new life into the once-bustling retail complex.

The Harvey Norman Centre on Victoria Street was snapped up by a Brisbane developer at auction earlier this month for $1.8 million.

It was reportedly previously owned by a wealthy Abu Dhabi businessman who first purchased the site in 2005.

The property listing by LJ Hooker Toowoomba has revealed the new ownership could spark plans to overhaul the prominent Warwick space.

“There are only two tenants. The first, Harvey Norman, is on a holdover and – while not pressing for a new lease – (they) have indicated an interest to enter into discussions with a new owner to secure tenure in exchange for a centre upgrade,” it read.

Andrew Moore was the owner of the former Civic Video store at the Harvey Norman Centre.Photo: Erin Smith / Warwick Daily News

“The second tenant is an in-home childcare provider whose lease expires in the middle of 2022.”

While it may now be home to only the two businesses, the Harvey Norman Centre was once one of Warwick’s busiest shopping areas.

Previous online listings for the centre include Dwan’s Cafe, Pai’s Diner, the RACQ Service Centre, and Civic Video.

There has been no indication at this stage whether new businesses will be joining the precinct.

Paul and Amber Stubbings at the Warwick Westside Snack Bar once based at the Harvey Norman Centre.

Other major retail listings in Warwick at the moment include boutique motel 53 on Victoria and the Enchanted Garden Nursery located on Alexandra Drive.

Click here for the full list of more than a dozen developments set to change the face of the region.

Originally published as Warwick’s Harvey Norman Centre sells for $1.8 million at auction