General
Property title Australia Retail 002
Category Sold
Agent Garth Wilson
Status SOLD
Is Feature No
Price $   0
Address
Address
Postcode
City Brisbane
Country Australia
State/Province
Queensland
Region
Other information
Small description
  • Fully leased, modern IGA anchored retail convenience shopping centre in strong northern high growth corridor
  • Securely leased to Cornett's IGA (exp. 2021, fixed annual increases of 3.00%), 7 specialties and 1 ATM comprising a total GLA of 2,287sqm*
  • Developed in 2006 providing strong depreciation benefits
  • Fully leased net income: $753,465p.a* with a weighted average lease expiry profile of 7.86* years
  • Dominant location, one of the fastest growing residential catchments
  • Opportunity to add an additional 500sqm* of GLA (code assessable) providing development upside and income growth (STCA)
Agent information
Agent Photo
Name Garth Wilson
+27 21 783 5833
+27 82 576 1995
garth-wilson
Information
Property ID: 71
Hits: 732
Created: 2013-03-14
Summary
Sub-Type Convenience Centre
GLA 2287m²
NOI AU$753 465
Property Photos
Shopping Centre for sale