Foodworks Anchored Convenience Retail Centre | Substantial 3,511*sqm Corner Site
57-61 Emerald Drive, Regents Park QLD 4118
Price on Request
RetailSize: n/a
Block size: 3511 m² approx.
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 23rd May 2023
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
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 23rd May 2023
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Justin Kramersh to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
3511 m²*
Other Details
Lot:
1
Plan Type:
RP
Plan:
885609
Legal description:
1/RP885609
Maps and area information
Block information
Block size: 3511m² (approx)
Legal description: 1/RP885609
Measurements are estimates only and based on data provided under licence from
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Property history
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SummaryMedian sales
Average Age
36 years
Population
11,103
Listing ID: 182460829. This listing has been viewed 0 times. It was first displayed on 18/04/2024 and last updated on 23/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.