Near New Brisbane Sub-Regional Shopping Centre - For Sale
SOLD
Calamvale QLD 4116
Retail
FOR SALE
17325m2
Calamvale Central Shopping Centre, Brisbane, QLD
- Recently developed, convenience based sub-regional shopping centre comprising a Big W DDS, Woolworths Supermarket, 61 specialties, 5 kiosks, 4 ATMs and a freestanding Woolworths Petrol Plus & car wash with a total GLA of 17,325.7sqm*
- Securely leased with long term covenants to anchor tenants Big W & Woolworths (initial exp. 2027 with 1x10 and 6x5 year options each), comprising 60%* of the total GLA
- Attractive in-built income growth, with the majority of specialty leases featuring annual reviews of 5.0%*
- Prominent 5.60ha* site with major road frontage and exposure to Compton Road in the heart of the Calamvale retail and business precinct
- Opened brand new in 2007, with extensive, high quality construction including full basement car parking for 782* vehicles
- Significant and growing Main Trade Area estimated at 74,070 persons in 2011 & forecast to increase by 0.9% p.a.* reaching 83,060 by 2026 (source: Location IQ)
- Fully leased net income of $5,461,000p.a.* as at 30 June 2012
EXPRESSIONS OF INTEREST Closing 12 Noon (AEST) Thursday 14 June 2012
*Approx.
- Recently developed, convenience based sub-regional shopping centre comprising a Big W DDS, Woolworths Supermarket, 61 specialties, 5 kiosks, 4 ATMs and a freestanding Woolworths Petrol Plus & car wash with a total GLA of 17,325.7sqm*
- Securely leased with long term covenants to anchor tenants Big W & Woolworths (initial exp. 2027 with 1x10 and 6x5 year options each), comprising 60%* of the total GLA
- Attractive in-built income growth, with the majority of specialty leases featuring annual reviews of 5.0%*
- Prominent 5.60ha* site with major road frontage and exposure to Compton Road in the heart of the Calamvale retail and business precinct
- Opened brand new in 2007, with extensive, high quality construction including full basement car parking for 782* vehicles
- Significant and growing Main Trade Area estimated at 74,070 persons in 2011 & forecast to increase by 0.9% p.a.* reaching 83,060 by 2026 (source: Location IQ)
- Fully leased net income of $5,461,000p.a.* as at 30 June 2012
EXPRESSIONS OF INTEREST Closing 12 Noon (AEST) Thursday 14 June 2012
*Approx.