133 Broadwater Tce, Redland Bay

133 Broadwater Terrace, Redland Bay, QLD, 4165, AU

Description

JLL is pleased to present for sale Redland Bay Village, a premium neighbourhood shopping centre dominating the Redland Bay main trade area, strategically positioned on a commanding 1.86-hectare landholding with extensive multi-street frontage.

Anchored by a full-line Woolworths supermarket, the centre is the only supermarket servicing the immediate trade area and benefits from a highly defensive, non-discretionary tenancy mix. Woolworths is secured on a substantial $1.78 million gross annual rent, with built-in rental growth via turnover-linked review mechanisms and fixed base rent escalations, ensuring long-term income resilience.

The asset comprises five separately titled parcels including the main Woolworths-anchored centre, a detached convenience centre, strip retail, and two surplus residential lots, providing future development, subdivision and value-add flexibility. The main centre has recently undergone a comprehensive $25 million rebuild completed in 2022, significantly reducing near-term capital expenditure requirements.

Key investment highlights include:

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Caractéristiques de l'actif

Surface de l'actif Net

7 650 m²

Année de construction

2022

Taille du terrain Brut

1,8 hectare

Média

Points clés d'investissement

Dominant neighbourhood shopping centre anchored by Woolworths, accounting for 46% of GLA
Secure income profile with a 4.2-year WALE (by income) and predominantly net and semi-gross lease structures
70%+ of GLA comprised of supermarket, essential services and medical tenants
Irreplaceable 1.86ha landholding with extensive frontage to Broadwater Terrace, Marine Street, James Street and Stradbroke Street
Surplus residential land offering future pad site or residential development optionality (STCA)
Located within a high-growth bayside corridor with forecast 1.7% population growth and 5.4% retail expenditure growth per annum to 2046
Fully leased income of $3,748,444 p.a.* with strong specialty mix and essential-services weighting

Redland Bay Village is offered for sale individually or in one line via Expressions of Interest, closing 4:00pm (AEST), Thursday 26 March 2026.