CBRE Queensland Retail Investments team are delighted to present an established, strong performing, large format retail centre with 19 tenancies situated in the heart of booming Birtinya on Queensland’s Sunshine Coast.
This compelling investment opportunity offers the following key investment attributes:
- Modern, 5,979sqm, single level large format retail centre occupied by some of Australia's biggest tenants, 99 Bikes, Totally Workwear, Jetts, Nutrition Warehouse & Subway.
- Positioned in the heart of Oceanside, a $5bn world class destination which is home to Australia’s largest health precinct.
- 1.27ha site with 75m frontage to Kawana Way with exposure to over 40,000 vehicles daily.
- Two street access with at grade parking for 146 vehicles.
- Certain income growth with majority growing at 4%pa.
- Average rental rate is a conservative $274/sqm, providing rental upside in the future.
- Fully leased Net Income: $1,273,136 pa.
THE PROPERTY IS FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 28TH MARCH 2019 AT 4.00PM (AEDT).
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.