20 Anzac Avenue, Redcliffe, QLD, 4020, AU

Bluewater Square

Asset description

JLL & Colliers are pleased to present for sale Bluewater Square, an established neighbourhood shopping centre with immediate re-development potential. Strategically located in the heart of the Redcliffe Peninsula, 33* kilometres from the Brisbane CBD.

Bluewater Square is a two-level neighbourhood shopping centre featuring 10,003* square metres of gross lettable area (GLA), anchored by Woolworths and supported by two mini-majors, 28 specialty retailers, 4 offices and 3 medical tenancies.

The opportunity to acquire Bluewater Square is being offered for sale by way of an Expressions of Interest campaign closing Thursday the 19th of September 2024 at 4pm (AEST).

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Attributes

Building area gross

10,003 sm

Occupancy

100%

Sales process

For sale by formal tender

Land area gross

12,136 sm

Media

Investment highlights

Investment Highlights

· Prominently Positioned: Located within the heart of the Redcliffe Peninsula - positioned to capitalise on the future growth of Moreton Bay City.

· Development potential: 104 Residential units above the existing neighbourhood shopping centre - application currently under assessment through the streamlined State Facilitated Development (SFD) planning pathway. ^**

· Securely Anchored by Woolworths Limited – Woolworths supermarket accounts for 39% of GLA*.

· High-Growth Corridor: City of Moreton Bay is the eighth-fastest growing local government area in Queensland – expected to reach 800,000 residents by 2046.

· Strong Rental Growth – Specialty tenants feature a 3-4.25% p.a. rental reviews.

Expressions of Interest closing 4:00pm (AEST) on Thursday, 19 September 2024.

*Approx

**Any adjusted development schemes are Subject to Council Approval (STCA)

Source: Australian Bureau of Statistics, Regional Population Growth, Australia