Description

JLL in conjunction with Stonebridge Property Group, are pleased to present for sale Pialba Place Shopping Centre, a dominant sub‑regional shopping centre securely anchored by a strong‑performing Coles and the only Big W in the centre of the Hervey Bay trade area.

Situated on a substantial 4.38‑hectare* freehold landholding and configured over 15,631 sqm* of lettable area, Pialba Place presents a compelling, highly defensive investment anchored by national, non‑discretionary tenants and a well‑established specialty mix. The centre is currently 97%* occupied by area, delivers a major tenant WALE of 4.0 years^ by income, and benefits from excellent accessibility, extensive at‑grade and basement parking. The site has prominent exposure and a well‑established catchment within Hervey Bay’s primary retail and commercial precinct, with direct exposure to a regional economy growing faster than the Queensland average and supported by significant committed public and private infrastructure investment.

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Attributes

Building area net

15,647 sm

Year built

1987

Land area gross

1 sm

Media

Investment highlights

Key investment highlights include:

Resilient income stream secured by an essential services major tenancy mix, with 70%+ of GLA anchored by Coles supermarket and Big W
More than half of the income secured by net leases, limiting outgoings exposure and protecting against potential net income erosion
Prime 3.94‑hectare* main centre site with exceptional triple road frontage and over 600m* of street exposure, together with an additional 4,449sqm* ancillary site
Big W and specialty rents provide positive rental reversion, sitting materially below recent leasing evidence, with specialty tenancies averaging $618/sqm*
Coles performing above regional industry benchmarks and paying percentage rent, forecasted to generate a significant base rent increase upon review
Supported by $10bn+ in committed public and private infrastructure investment across the Fraser Coast region^^
Estimated fully leased net income of $3.18 million^ p.a.

Pialba Place Shopping Centre is offered for sale by Expressions of Interest closing at 4pm (AEST) on Thursday 21 May 2026.

If you would like to arrange access to the online data room, please contact the selling agents for further information.