Description

Fully Leased Coles-Anchored Neighbourhood Centre Located Within the Southern Gold Coast & Tweed Growth Corridor

JLL is pleased to present Banora Central, a fully leased Coles-anchored neighbourhood shopping centre strategically positioned on the NSW side of the Tweed Heads and Gold Coast border.

Anchored by a full-line Coles supermarket, Banora Central provides a defensive income profile underpinned by one of Australia’s leading grocery retailers. The centre occupies a prominent 13,300 sqm corner landholding at the intersection of Fraser Drive and Leisure Drive and comprises 3,602 sqm of GLA.

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Attributes

Building area net

38,772 sf

Land area gross

143,160 sf

Occupancy

100%

Media

Investment Highlights

Key Investment Highlights:

100% leased neighbourhood shopping centre
Long-dated Coles lease expiring October 2032 with a 10-year option and further 5 x 5-year options extending to 2067.
Highly defensive income profile with Coles contributing 61% of total centre income
Prominent 13,300 sqm corner landholding with exposure and controlled intersection access from Fraser Drive and Leisure Drive.
Established daily-needs tenancy mix including Coles, BWS and Blooms The Chemist across a modern single-level centre.
High-growth Tweed corridor supported by major residential projects including Kings Forest, Altitude and Cobaki.
Strong retail expenditure growth, with the main trade area generating $457.3 million in annual retail expenditure and forecast to reach $932.6 million by 2046.
Net Passing Income of $1.6 million

Banora Central is offered for sale via Expressions of Interest closing Thursday 27 August 2026 at 4:00pm (AEST).