5-7 Tallebudgera Creek Road, Burleigh Heads, QLD 4220

Investment | Retail

Sold

  • Property ID: 315674
  • Floor Area: 849m²
  • Land Area: 2898m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
  • Cafes: 20+ nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 07/12/2018 849m2 2898m2 Contact Agent
Partnership Liquidation of Burleigh Heads Shopping Centre

Ray White Commercial (QLD) are pleased to exclusively offer 5-7 Tallebudgera Creek Road, Burleigh Heads QLD for sale by Auction on Friday 7th December 2018, 10:15am at Level 26, 111 Eagle Street, Brisbane City QLD.

5-7 Tallebudgera Creek Road represents the opportunity to acquire a shopping centre located in the highly desirable suburb, Burleigh Heads.

Key Investment Attributes:
- Complimentary tenancy mix of medical, retail and restaurant tenants including a Subway head office lease
- Strong tenant retention history with long term tenants occupying for up to 22 years
- 849sqm* GLA situated on a prominent 2,898sqm* land parcel
- High levels of exposure to over 18,500 cars passing daily^^
- The Main Trade Area retail expenditure is forecast to experience strong growth of over 4.3% pa over the next 13 years, representing an annual spend of $115,100,000 by 3031**
- Guaranteed income growth with multiple 4% annual increases
- Positioned with direct connectivity to the Caltex service station providing shared access to additional 40* car parks
- Opportunity to value add through future rent reversions, with potential to stratum and sell down (STCA)
- Fully leased net income of $236,173* + GST p.a.


* Approximately
** LocationIQ
^^ Sitewisely

This property is being sold by Auction or Expressions of Interest and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Burleigh Heads Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $3239 --- ---
Industrial $3547 $327 9.22%
Offices $3165 $338 10.68%
This is the average advertised price, rent and yield for Burleigh Heads, QLD 4220*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

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™.
  • Nearby Cafes - Number of cafes located within 500 metres of 5-7 Tallebudgera Creek Road, Burleigh Heads, QLD 4220. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 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.
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