11 Lorisch Way 11, Rochedale, QLD, 4123, AU

Rochedale Central

Asset description

JLL Retail Investments is pleased to offer For Sale – Rochedale Central – a modern, two-level retail convenience centre, situated approximately 14 kilometres southeast of the Brisbane CBD.

The convenience centre is anchored by an Asian Supermarket, Medical Centre and Dental Practice -comprising approximately 1,757 square metres of total retail gross lettable area.

Constructed in 2018, an incoming purchaser will benefit from minimal capital expenditure and significant depreciation tax benefits. Rochedale Central presents the ultimate investment for an incoming purchaser.

We outline some key investment highlights below:

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Attributes

Building area net

18,912 sf

Year built

2018

Land area gross

61,096 sf

Occupancy

94%

Media

Investment highlights

Excellent Location
The centre is strategically situated in the heart of Rochedale, directly opposite the intersection of Gardner Road and Lorisch Way. Benefitting from over 130+ metres of exposure to Lorisch Way.
Income Security
Exceptional income security via a 4.5* year WALE (by income) and a centre occupancy rate of 94% by Gross Lettable Area (GLA).
Income Growth
The asset provides significant capital growth potential with the majority of specialty retailers tied to fixed annual 3% - 4% rent review increases.
Depreciation Benefits
Rochedale Central is a modern convenience retail centre constructed in 2018, offering an incoming purchaser minimal capital expenditure and significant depreciation benefits.
Exceptional Landholding
Rochedale Central is situated on prominent 5,676* square metre freehold landholding in the high growth southern corridor of Brisbane.
Estimated Fully Leased Net Operating Income
$922,198 per annum*

Jacob Swan

Ned McKendry

Liam Cox

Rochedale Central is being offered for sale via a expressions of interest campaign closing at 4pm (AEST), on the 12th of September 2024.

Both physical & virtual Inspections of the property are strongly encouraged, please get into touch with the agency team below.