47 Bowman Road, Caloundra QLD

For Sale

Retail

For Sale by Expressions of Interest

15720m2

    • Building Name Stockland Caloundra North Shopping Centre
Caloundra Shopping Centre comprises a fully enclosed sub-regional shopping centre anchored by both a Coles Supermarket and Kmart Department Store, plus 42 specialties, 3 kiosks, 3 ATMs and 3 pad-sites. The centre is the largest retail destination in an expansive trade area and features the only DDS in the primary and secondary trade areas.

The Centre is located in the city of Caloundra on the rapidly growing Sunshine Coast, 75km* north of Brisbane and enjoys a strategic, high exposure corner position adjacent to the Town Centre on Bowman Road, the main arterial traffic route through Caloundra.

- Enclosed sub-regional mall anchored by Coles and Kmart, 42 specialties, 3 kiosks and 3 pad sites

- Only DDS in an expansive catchment of 148,170* forecast to grow to 199,590* by 2031^

- Strong centre MAT over $137.3million* gross with annual growth of 3.25%*>

- High performing Coles & Kmart stores trading above benchmark

- Over 3,073,000*> customers per annum and growing

- Prominent 51,794sqm* “Town Centre” site in the heart of Caloundra’s CBD

- Flexible “Major Centre” zone allows wide ranging mixed-use development (STCA)

- Over $1.9b* in retail expenditure in MTA forecast to grow to $3.8b* by 2031^

- Currently 100% leased - Strong tenancy mix over 93%* leased to national chain traders

- GLA 15,720sqm* over 70%* leased to Coles & Kmart, with parking for over 846 cars*

- Net income $7.899 million pa* (as at 30 June 2019)

* Approx
^Source: Location IQ

For Sale by Expressions of Interest closing 2pm AEST, Thursday 11 April 2019.