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Campaign Closed – Offers Under Review | Foodworks Anchored Convenience Retail Centre

57-61 Emerald Drive, Regents Park QLD

Property Highlights

Diverse Income Streams
Strategic 3,511*sqm Corner Site
Value-Add Opportunity

Description

Burgess Rawson are pleased to offer to the market a fully leased retail complex in Regents Park QLD, for sale via Expressions of Interest closing 4pm on Thursday 23 May 2024.

The property includes the following investment highlights:

+ Fully leased convenience retail centre anchored Foodworks & supported by complimentary non-discretionary retail tenants
+ Landlord favourable rent reviews with a mixture of annual fixed 3% & 4% rent increases and CPI reviews
+ Below market rents offering a significant value-add opportunity to increase the centres net operating income across all tenancies.
+ Substantial 3,511sqm* corner site with favourable positioning directly opposite Regents Park State School (700+ enrolments)
+ Important 40 on-site car spaces
+ Immaculate 711sqm* single storey retail centre with recent capital upgrades
+ Low-site coverage with favourable ‘Centre’ zoning allowing for a multitude of future redevelopment opportunities (STCA)
+ Seamless integration with the Mount Lindesay Highway, a key arterial roadway with over 45,000* passing vehicles daily
+ Logan City Council: second fastest growing LGA in South-East Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion committed in future capital works projects*
+ Net Income: $187,847 pa* + GST

For Sale via Expressions of Interest
Closing 3pm (AEST) Thursday 23 May 2024

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

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Shopping Centre
Land Size
3,511 SQM
Building Area
711 SQM

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