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Prime Convenience Retail Centre | National Brands Include NightOwl, Domino’s + BWS

1-3 College Street , North Lakes QLD

Property Highlights

Expansive 4,517sqm* corner site
Rare opportunity in growth corridor
Diverse income profile

Description

Burgess Rawson is pleased to offer to the market 1-3 College Street, North Lakes QLD for sale via Expressions of Interest Campaign as part of our Investment Portfolio 162.

The property has the following investment highlights:
+ Diverse tenancy mix featuring medical and national retail tenants Night Owl, Domino’s, BWS, Best Life Medical and North Lakes Dental Centre
+ Guaranteed high-growth income stream with attractive CPI, fixed 4%, 3.5%, and 3% annual rent reviews
+ Prime retail centre positioned on an expansive 4,517sqm* corner freehold site with a 76m* frontage to Discovery Drive
+ Directly linking to Anzac Avenue capturing 46,000* vehicles passing daily^
+ Easy access and convenient parking for 61* vehicles via the on-grade car parks
+ Zoned *Special Development* under the Mango Hill Infrastructure Development Control Plan (DCP)^^
+ Value add opportunity with DA approval for a drive-thru pad site at the entrance of the property
+ Strategic location adjacent to The Lakes College with 900+ enrolments and 3km* from Westfield North Lakes – a major retail hub anchored by ALDI, IKEA, Woolworths, Dan Murphy’s and more than 233 speciality stores^
+ Located 33km* north of Brisbane CBD in the booming Moreton Bay growth corridor of North Lakes, with population forecast to jump by 45% by 2041^^
+ Net Income: $517,302 pa* + GST

For sale via Expressions of Interest
Closing 4:00pm AEST Thursday 10 August 2023

Please contact the exclusively appointed Burgess Rawson team for further information.

*Approx.
^GapMaps
^^Moreton Bay Regional Council

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
4,517 SQM
Building Area
907 SQM

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