Held on Friday 21 November, the showcase drew more than 15 bidders, reflecting sustained demand for neighbourhood retail assets backed by essential service tenants. The campaign was led by Lachlan O’Keeffe, Michael Feltoe and Pablo Routledge.
Mr O’Keeffe said, “The level of competition today shows exactly where investors are placing their confidence. Well-located retail with dependable tenants continues to outperform, and these results demonstrate how tightly held this segment of the market has become.”
The standout result of the day came from the Foodworks-anchored Jindalee centre, which sold for $6,350,000 on a 5.70 per cent yield. The result marks the sharpest yield achieved for a FoodWorks-anchored centre in Queensland on record, driven by the property’s long tenure profile, strong trade area and central positioning just 11km from the Brisbane CBD.
In Far North Queensland, the Mossman retail centre achieved $7,000,000, supported by deep enquiry from buyers pursuing reliable regional retail. Its 100% national and essential service tenancy profile, 4.5 Year WALE and substantial landholding made it one of the most heavily inspected assets of the campaign.
The Alexandra Hills retail investment rounded out the showcase, selling for $1,210,000 on a sharp 4.19 per cent yield. The ultra-tight result reflected competition not only from investors but also owner-occupiers aiming to secure prime street-exposed retail with rental uplift potential.
Mr Feltoe said, “What we saw today was broad confidence from private capital. Whether metro or regional, assets with strong fundamentals are attracting serious bidding. These results highlight the stability and resilience of retail investments right across the country.”
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