A trophy corner retail site in one of Brisbane’s most sought after suburbs is being brought to market with RWC Retail’s Lachlan O’Keeffe and Michael Feltoe.
Located at 828-830 Sandgate Road, Clayfield Villaggio is situated on a a 3,608sqm corner site fronting one of the highest-profile intersections in all of Brisbane, with exposure to more than 51,800 vehicles daily.
The site has DA approval for a new, modern retail centre which will provide over 1,000sqm of additional gross floor area and dual road access, which Mr O’Keeffe said was in high demand through this precinct.
“Following the closure of Toombul Shopping Centre, demand for retail space in this precinct is surging, with tenants struggling to find a new location,” he said.
“The new and improved development of this site will prove hugely popular for these tenants.”
The trophy site is situated 6km north of the Brisbane CBD and is currently improved by a mixed-use centre that provides a diverse income stream with retail, medical, office and residential tenants including Terry White Chemmart and Getta Burger.
Mr Feltoe said they had already witnessed strong demand for retail investments in Clayfield this year.
“Clayfield Villagio will be no different, with the highly sought after combination of a diverse holding income and immediate development upside appealing to passive investors and developers alike,” he said.
The property is being offered for sale via expressions of interest, closing December 6.
