Stockland Townsville, QLD
AU - Townsville, QLD
483,601 sf
Retail
Morayfield Village
177-189 Morayfield Road, Morayfield, QLD, 4506, AU
Gallery
Asset description
JLL are pleased to offer For Sale Morayfield Village, a high-profile Large Format Retail centre in the booming northern growth corridor.
Attributes
Building area gross
74,691 sf
Occupancy
100.00%
Year built
2000
Land area Gross
4.12 acres (179,650 sf)
Investment highlights
- 88% of gross income underpinned by national LFR and medical covenants
- Secure income stream via 7.0-year WALE (area)^
- Exposure to one of Brisbane’s busiest retail hubs, adjoining Morayfield Shopping Centre
- Efficient at-grade design facilitated by 269 at-grade car bays
- Secured by best-in-class national covenants
- Expansive 1.70ha site with favourable ‘Centre’ zoning underpins future land value
- Prominent corner site provides 250m of direct street exposure, including direct exposure to Morayfield Road
- Fully Leased Net Income of $1,789,720
All figures and information is approximate and as at 30 June 2022
^Total centre WALE calculations are done on a gross passing basis
Contact brokers
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Nov 30, 2022