Beachmere Village (6 James Road) is a convenience-based 2,472sqm centre that occupies a substantial 2.22ha* landholding. Generating an estimated fully leased net income of $1,089,192 + GST per annum, the centre is anchored by a high-performing IGA on a 15-year lease with a personal Cornetts family guarantee. The IGA is supported by a defensive mix of healthcare and convenience tenants including Discount Drug Store, Beachmere Medical Centre, QML Pathology and Beachmere Dental.
Michael Feltoe, Partner and Head of QLD at RWC Retail, said the property offered a rare opportunity to acquire the dominant retail asset within a growing coastal community.
"Beachmere Village is the only shopping centre and supermarket servicing the entire catchment, giving it an incredibly captive market" Mr Feltoe said.
"Assets with this level of dominance are exceptionally difficult to find. Furthermore, the centre is anchored by a proven IGA with a rare personal guarantee from the Cornetts family, providing outstanding income security"
Located approximately 40km north of the Brisbane CBD, Beachmere is undergoing significant growth, underpinned by the nearby $295 million GemLife Beachmere Waterfront development, which will deliver 335 new homes.
The centre also benefits from exceptional convenience with 180 on-site car parks, a secure 4.82-year WALE and a strategic position alongside the Beachmere Hotel and Goodstart Childcare.
Lachlan O'Keeffe, Managing Director of RWC Retail, said the combination of secure income and future upside would attract strong buyer interest.
"Supermarket-anchored shopping centres continue to be one of the most sought-after retail investment categories in Australia," Mr O'Keeffe said.
"Beyond the income, this property sits on more than 2.2 hectares of land with only 11% site coverage, creating genuine expansion and value-add potential. Combined with affordable rents and a growing catchment, there is clear upside still to be unlocked."
Beachmere Village is being offered for sale via Expressions of Interest closing Tuesday 14th July at 2pm (AEST).
