Sugarworld Shopping Centre 7 Walker Road, Edmonton, QLD 4869

Investment | Retail

For Sale Expressions of interest

  • Property ID: 266684
  • Floor Area: 4758m²
  • Land Area: 24500m²
  • Occupancy: Tenanted
  • NBN Availability: Service Available
High Growth Coles Anchored centre

JLL is pleased to present the opportunity to acquire a 100% freehold interest in Sugarworld Shopping Centre, Edmonton, Cairns, Queensland.
• Established Coles (including Liquorland) anchored neighbourhood shopping centre supported by 11 specialties, 1 ATM and Coles Express Service Station
• 66% of the fully leased centre income derived from Wesfarmers Limited covenants through to 2033 (with options)
• WALE by gross passing income of 11yrs* and specialty rent reviews
of 3.50%-5.00%*
• Excellent Main Trade Area population growth reflecting a compound average annual growth rate of 3.70%*
• Strongly trading Coles supermarket paying significant percentage rent and providing for outgoings recoveries
• Further retail expansion potential via separate acquisition of adjoining available 1.4ha site
• Centre completed in 2010 providing significant depreciation benefits
• Fully leased net income of $1,673,644 p.a.* as at 31 August 2017
*Approximately
For Sale via Expressions of Interest closing at 4pm (AEST) on Thursday, 17 August 2017

Additional Information
Features
  • Car Spaces: 293
Edmonton Suburb Profile

Below you will find the average advertised sale price, rent and yield for Edmonton, QLD 4869*

Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $383 ---
Retail --- $467 ---
Industrial $1149 $115 10.00%
Agency Details

JLL - Brisbane

Central Plaza One Level 33 345, Brisbane City, QLD 4000

View Agency Profile
Tools

Moving to a new building?
Compare & Connect can help you get set up.


Get Connected

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×
REGISTER (New Members)
×

×