 Asset Class: | Retail |
 Price: | $ 26500000 |
 Net Yield: | 6.38 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
Presenting a strong performing off-market retail centre investment opportunity anchored by 1,992 m2 Repco and 1,203 m2 Choice Discount Store. The centre is also supported by other mini-major tenants such as Mt Toys, Bank of Queensland, Nutrition Warehouse, Subway and Rivers Retail. <br><br>Testament to the profile and strength of this tenancies and the location, this property is surrounded by several high-profile national tenants such as <b>Coles, Kmart, JB Hifi, Westpac, Commonwealth Bank, Anaconda, Taco Bell and KFC</b>. <br><br>The opportunity also comes with multiple enticing capital growth strategies, via both under-rented tenancies, along with potential subdivision strategies. Enjoy strong returns, manufacture upside, and create multiple exit strategies for future access - if needed. <br><br><span style="color:rgb(0, 0, 0);">This is a rare off market retail opportunity set to provide its investor a net income of circa $1,691,001* per year with future uplift. </span>
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<b><u>Moreton Bay Region </u></b><br><br>As a key employment node and centre of economic activity of the region, the Caboolture Morayfield Principal Activity Centre (CMPAC) masterplan concentrates development along key arterials, creating a commercial hub for the region. Leveraging strategic land use planning and economic development strategies, the CMPAC will facilitate the region’s rapid growth and deliver prosperity for businesses and residents.<br><br><br>Furthermore, as Moreton Bay capitalises on the 2032 Brisbane Olympic Games, its population and economic boom are set to continue, empowering the local economy to reach $40 billion* by 2041.<br><br><br>Recognising the critical need for housing in South East Queensland, the Queensland Government have designated Caboolture West as a greenfield development site. The $9.5 billion* project is set to welcome 70,000 new residents in the coming decades.<br><br>As the region becomes an epicentre of growth and development in Australia, a number of major projects are transforming the Moreton Bay area, including:<br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:windowtext;font-weight:normal;font-style:normal;">$2.7 billion North Harbour Priority Development Area, currently underway, this master planned community will welcome thousands of new residents upon completion</span></p></li><li style="list-style-image:none;color:windowtext;"><p style="display:inline;"><span style="color:windowtext;font-weight:normal;font-style:normal;">$1.2 billion Redcliffe Peninsula Rail Line project, set to service 618,000 residents by 2036</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">$500 million Kinma Valley community master planned by Landleas</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:windowtext;font-weight:normal;font-style:normal;">University Sunshine Coast (USC), Australia’s first greenfield university in 20 years, catering for 10,000 students once fully operational</span></p></li><li style="list-style-image:none;color:windowtext;"><p style="display:inline;"><span style="color:windowtext;font-weight:normal;font-style:normal;">The Mill at Moreton Bay, a master planned innovation hub and priority development area, creating Australia’s next ‘smart city’, expected to deliver almost $1 billion to the local economy </span></p></li></ul>
Additional Location Information File<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Repco</span></p></li></ul><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.repco.com.au/"><u>Repco Australia | Auto Parts Store - Aftermarket Car Parts & Accessories</u></a><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Choice Discount Store</span></p></li></ul><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.choicethediscountstore.com.au/"><u>Choice The Discount Store - Find your discount store near you</u></a><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Subway </span></p></li></ul><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.subway.com/en-au"><u>Subway® Australia| Subs, Salads and close to you.</u></a><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Mr Toys</span></p></li></ul><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.mrtoys.com.au/"><u>https://www.mrtoys.com.au/</u></a><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Bank of Queensland</span></p></li></ul><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.boq.com.au/"><u>BOQ Personal Banking | Bank accounts, credit cards, home loans | BOQ</u></a><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rivers Retail</span></p></li></ul><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.rivers.com.au/"><u>Clothing, Footwear, Big Brands | Rivers Australia | Rivers Australia</u></a>
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">11,700 m2 Total Land Area (1.17 hectares)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">6,916 m2 Total Net Lettable Area</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Local Centre Zoned Freehold Land </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Strong Exposure – Triple Street frontage </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-style:normal;"><b>Strong Performing Major Tenants</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">269 car parking spaces </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">WALE: 4.69 years (By area)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Surrounded by several high-profile national tenants such as Coles, Kmart, JB Hifi, Westpac, Commonwealth Bank, Anaconda, Taco Bell and KFC</span></p></li></ul>
