Retail | Development/Land

Ray White Commercial (QLD) in conjunction with Ray White Special Projects QLD are pleased to present to the market a unique opportunity to acquire 'Centrepoint Market Place', a multi tenanted retail centre located in Caloundra on the Sunshine Coast, QLD.

A site area of 2,595m2* with existing improvements comprising a total net lettable area of 1,619m2*, offering rental upside in addition to multiple development opportunities including healthcare and medical, retirement living and aged care, residential apartments, short term accommodation (serviced apartments), office and retail (STCA^).

Key Investment Highlights:
• Tenanted retail investment located in the Caloundra CBD on the Sunshine Coast
• Site area: 2,595m2*
• NLA: 1,619m2*
• Two street frontages
• Significant rental upside
• Estimated fully leased net income of $527,972* p.a + GST
• Servicing a vast catchment area, which is forecast to increase by 2,830 residents per annum over the twenty-year period from 2016 to 2036 ^^
• Growth area surrounded by high-rise residential zoned land

*Approximately.
^Subject to Council Approval.
^^Source: 1. QLD Government Statisticians Office, ABS.