Brisbane Convenience Centre With Upside & WALE of 3.22*
Ray White Commercial QLD are pleased to offer Sandalwood Shopping Village (167 Samsonvale Rd & 4-6 Craigan St, Strathpine QLD) for sale by way of Auction on Friday 16th July 2021 at 10:15am (AEST). The auction will be held at Level 26, 111 Eagle Street, Brisbane City QLD.
- 95%* leased with a complimentary mix of 8 national and local operators plus one vacancy.
- Very affordable rents ($204 - $335/sqm) providing potential rental reversion upside.
- Supermarket anchored convenience centre with a brand new 5 year lease to Friendly Grocer.
- Friendly Grocer is one of the largest supermarket chains in Australia, established in 1923 with over 240 stores.
- The centre has a WALE of 2.99* and strong tenant retention history with Friendly Grocer occupying since 2008 and BWS since 2005.
- Guaranteed income growth with the majority of tenants on 3% or 4% fixed annual increases.
- High levels of exposure to 9,500^ cars passing daily and three street frontage.
- 773sqm* building area with 36 dedicated car parks on a 2,299sqm* site.
- Multiple options to reposition the asset from as simple as cosmetic upgrades to reconfiguring the buildings.
- Passing net income of $133,798* + GST pa.
- Estimated fully leased net income of $145,348* + GST pa.
*approximately ^sitewisely
- 95%* leased with a complimentary mix of 8 national and local operators plus one vacancy.
- Very affordable rents ($204 - $335/sqm) providing potential rental reversion upside.
- Supermarket anchored convenience centre with a brand new 5 year lease to Friendly Grocer.
- Friendly Grocer is one of the largest supermarket chains in Australia, established in 1923 with over 240 stores.
- The centre has a WALE of 2.99* and strong tenant retention history with Friendly Grocer occupying since 2008 and BWS since 2005.
- Guaranteed income growth with the majority of tenants on 3% or 4% fixed annual increases.
- High levels of exposure to 9,500^ cars passing daily and three street frontage.
- 773sqm* building area with 36 dedicated car parks on a 2,299sqm* site.
- Multiple options to reposition the asset from as simple as cosmetic upgrades to reconfiguring the buildings.
- Passing net income of $133,798* + GST pa.
- Estimated fully leased net income of $145,348* + GST pa.
*approximately ^sitewisely