Partnership Liquidation of Burleigh Heads Shopping Centre
5-7 Tallebudgera Creek Road, Burleigh Heads, QLD 4220
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.