The fully leased 404sqm* centre spans two buildings on a substantial 983sqm landholding. The centre generates a net income of $234,768 + GST p.a. which investors can rely on with a long 4.06-year WALE and landlord favourable 4 per cent annual rental reviews.
The asset is underpinned by a diverse tenancy mix of six occupants, including Isabis Hair, which has operated from the site for more than two decades, alongside Straits Coffee, allied health providers, and boutique office tenants. The rear building was newly developed in 2023, with the front building also refurbished at the same time, providing strong depreciation benefits and ultra-low maintenance appeal.
Marketing agent Pablo Routledge said the offering stands out as a genuine blue-chip convenience investment close to the Brisbane CBD.
“The property offers investors a passive income profile in one of Brisbane’s most tightly held suburbs.,” Mr Routledge said. “You have a modern, fully leased centre with strong daily traffic, long-standing tenants, and the highest quality build.”
The property also provides 12 on-site car parks, including disabled access, delivering a level of convenience rarely seen in suburban commercial assets.
Lachlan O’Keeffe said the strength of the location and tenancy profile will drive significant buyer competition.
“This is the kind of inner-Brisbane retail asset investors wait years for,” Mr O’Keeffe said. “A fully leased centre supported by strong lease structures and a tightly held landholding in Coorparoo. We expect serious competition when it goes to Auction.”
82 Leicester Street, Coorparoo will be offered for sale by auction on Friday 6th March 2026 at 9:45am (AEST), to be held at Level 26, 111 Eagle Street, Brisbane City.
