Kingsthorpe Central Convenience Retail and Medical Centre

For Sale by Expressions of Interest

12-14 Gowrie Street

Toowoomba City QLD 4350

Retail

FOR SALE

1291m2

    • Building Name Kingsthorpe Central Shopping Centre
Kingsthorpe Central is a modern near new Convenience Retail and Medical complex featuring a dynamic mix of tenants anchored by an IGA Supermarket plus five (5) supporting tenants including a Bottleshop, Medical Centre, Chemist and a Dentist. The Complex is anchored by an 800sqm* IGA Supermarket which is secured on a 20-year lease to 2038 plus 2 x 10 year options to 2058. Kingsthorpe Central Shopping Centre features excellent access and convenient grade level parking for 52* vehicles.

Kingsthorpe Central Shopping Centre is located within the Toowoomba Local Government Area, the second largest non-capital inland city in Australia. Kingsthorpe is located 20km* north-west of the Toowoomba CBD and 16km* north of the Toowoomba Wellcamp Airport. Toowoomba is located within 130km* west of Brisbane. The complex occupies a gateway style position within Kingsthorpe and is easily accessible with wide road frontages.


Key highlights include:

- Near New Convenience Retail and Medical Centre – Comprising (6) tenancies including an IGA Supermarket, Bottleshop, Dentist, Medical Centre and Chemist

- Long Lease Security – The Centre features a long lease profile (WALE) of over 12.5 years* by lettable area

- Attractive Net Lease Structures – All tenants are secured on Net Leases and pay their proportionate share of recoverable outgoings

- Dominant Centre – Kingsthorpe Central is the dominant Retail & Medical Centre in the catchment and only supermarket in the immediate area

- Tax Depreciation – The Centre provides valuable tax benefits via substantial building depreciation

- Establish Area with Young Demographics – Kingsthorpe is an established town of greater Toowoomba with a predominantly young family demographic with a median age of 37* years

- Value Add Opportunity – The complex appreciates a significant future value add opportunity via an approved staged expansion plan for currently undeveloped land

- For Sale by Expressions of Interest closing 3pm (QLD) Thursday 29 October 2020

*Approximate