Fully Leased Metropolitan Retail Centre
Ray White Commercial Tradecoast & Ray White Commercial QLD are pleased to present to the market 398 Tarragindi Road, Moorooka QLD for sale by way of Auction. The auction will be conducted on Friday 23rd April 2021, 10.15am (AEST) at Level 26, 111 Eagle Street, Brisbane City QLD.
Investment Highlights:
- Offered to the market for the first time in over 20 years this centre offers a complimentary mix of 9 national and local operators.
- The asset has a WALE of 2.45* and has a strong tenant retention history with multiple tenancies leased (without any vacancy period) for over 20 years.
- Guaranteed income growth with majority of tenants on 3.5% or 4% annual increases.
- With an expansive 3,145sqm* site zoned Neighbourhood Centre, there is the opportunity to redevelop the centre up to 3 storeys (code assessable STCA).
- Potential options to investigate could include adding additional levels for uses such as, childcare, residential, retail or medical.
- 697sqm* building area with 31 dedicated car parks.
- Favourable demographics with household income levels 36% above the QLD average^.
- Net income of $336,747* + GST pa.
* Approximately
^ LocationIQ
Investment Highlights:
- Offered to the market for the first time in over 20 years this centre offers a complimentary mix of 9 national and local operators.
- The asset has a WALE of 2.45* and has a strong tenant retention history with multiple tenancies leased (without any vacancy period) for over 20 years.
- Guaranteed income growth with majority of tenants on 3.5% or 4% annual increases.
- With an expansive 3,145sqm* site zoned Neighbourhood Centre, there is the opportunity to redevelop the centre up to 3 storeys (code assessable STCA).
- Potential options to investigate could include adding additional levels for uses such as, childcare, residential, retail or medical.
- 697sqm* building area with 31 dedicated car parks.
- Favourable demographics with household income levels 36% above the QLD average^.
- Net income of $336,747* + GST pa.
* Approximately
^ LocationIQ