Ney Road Shopping Centre is a 1,181sqm convenience-based centre on a prominent 4,942sqm corner site in Brisbane’s bayside suburb of Capalaba. With 199 metres of frontage across three streets and a monopoly over its surrounding catchment as the only shopping centre and grocery offering within 2km, the centre services more than 15,600 local residents
Generating an estimated fully leased net income of $595,478 + GST per annum, the asset is underpinned by a secure 3.29-year WALE and a proven mix of essential service tenants including Friendly Grocer, Skye Dental and Maridale Park Pharmacy
Michael Feltoe, Partner & Head of QLD at RWC Retail, said opportunities like this are becoming increasingly difficult to find across Brisbane.
“This is exactly what private investors are chasing right now,” Mr Feltoe said. “A dominant suburban shopping centre with essential service tenants, a captive catchment and strong daily trade driven by genuine convenience.”
“The majority of tenants have operated here for over a decade, which gives buyers confidence they are acquiring a proven centre with deeply established operators and long-term customer loyalty.”
The centre comprises 11 tenancies across two buildings and is designed entirely around convenience retailing, with every tenant benefiting from direct frontage to the 60-bay car park.
Lachlan O’Keeffe, Managing Director of RWC Retail, said the combination of landholding, positioning and convenience appeal will drive strong investor demand.
“This is the type of shopping centre buyers hold for generations,” Mr O’Keeffe said. “You are securing a high-profile corner site in one of Brisbane’s strongest bayside corridors, with long-term income and clear upside still to be unlocked.”
Ney Road Shopping Centre is being offered for sale via Expressions of Interest closing Wednesday 1st July at 2pm (AEST).
