Objectomschrijving
A land rich 22,106 sqm neighbourhood shopping centre, only 5km* from Brisbane CBD, anchored by Australia’s most dominant supermarket chains - Coles, Woolworths and ALDI - further supported by a strong non-discretionary and government tenant profile.
Attributen
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Investeringskenmerken
- Neighbourhood shopping centre (22,106 sqm*) anchored by dominant grocery chains, Coles, Woolworths and ALDI plus two mini-majors
- One of only three triple-supermarket anchored Neighbourhood shopping centres in Queensland1
- Over 2.15 ha* of prime income-producing mixed-use land, 5 km* north of Brisbane CBD and a height limit of up to 12 storeys2
- Significant 149m* exposure to major arterial road, Lutwyche Road, with 50,900+ daily passing vehicles3
- Highly affluent main trade area of over 74,000 people with median incomes 35.8% above the Greater Brisbane benchmark3
- Specialty stores trading on a sustainable basis with gross occupancy costs of 13.6% and tenant productivity, 12% above benchmark4
- Redevelopment completed in 2019 with a $77 million* (net of GST) capital investment and significant depreciation benefits available
- Estimated fully leased net income of $9.63 million p.a. as at 1-Jul-24
For Sale via Expressions of Interest, closing Wednesday 19th June 2024 at 4:00pm (AEST).
For further information or to arrange an inspection, please contact the exclusive selling agents.
*Approximately
1 PCA Data
2 Archistar, Brisbane City Plan 2014
3 LocationIQ, May 2024
4 Urbis ‘double supermarket based shopping centre’ benchmark; specialty stores includes kiosks & excludes non-retail
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