 Asset Class: | Retail |
 Price: | $ 7060000 |
 Net Yield: | 6.15 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<span style="color:rgb(0, 0, 0);">Presenting an exceptional opportunity to purchase a fully leased, freehold, multi tenanted, retail convenience centre, anchored by a SPAR convenience store, a medical/pathology centre and a pharmacy, located on a corner site in a rapidly growing area of Brisbane.</span><br><br><span style="color:rgb(0, 0, 0);">This centre has undergone recent significant renovations and an extension to the centre with the addition of 3 new tenancies (shops 7, 8 and 9) completed in 2023. The majority of tenants have since signed long term leases providing income security.</span><br><br><span style="color:rgb(0, 0, 0);">Given the growing area, and the upside through value add strategies, this centre is expected to perform very strongly long into the future.</span><br><br><span style="color:rgba(0, 0, 0, 1);">We look forward to securing this asset for you.</span>
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Is this property strata titled?
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Is this lease a leaseback arrangement?
The property is in Regents Park, which sits in the Southern Brisbane Growth Corridor, approximately 30 radial km south of Brisbane, and 66km north of the Gold Coast.<br><br>Regents Park is within the Logan City Council area, close to Logan, Beenleigh and Browns Plains and east of Springfield.<br><br>Regents Park boasts 3 primary schools with a growing young family population, closer to M2 and M1 motorways and significant community infrastructure.<br><br>The property is near:<br><br><p style="margin-inline-start:36pt;"><span style="color:windowtext;">· Browns Plains </span><span style="color:windowtext;margin-inline-start:36pt;">State School (1.3km*)</span></p><br><p style="margin-inline-start:36pt;"><span style="color:windowtext;">· Bunnings, </span><span style="color:windowtext;margin-inline-start:36pt;">Supercheap, JB Hi Fi, Anaconda, etc (3km*)</span></p><br><p style="margin-inline-start:36pt;"><span style="color:windowtext;">· Logan Hospital </span><span style="color:windowtext;margin-inline-start:36pt;">(12km*)</span></p><br><p style="margin-inline-start:36pt;"><span style="color:windowtext;">· Brisbane CBD (30 </span><span style="color:windowtext;margin-inline-start:36pt;">radial km*)</span></p><br><p style="margin-inline-start:36pt;"><span style="color:windowtext;">· Gold Coast (66km*)</span></p><br><br><br>
Additional Location Information File<span style="color:rgb(0, 0, 0);"><b>SPAR Convenience Centre </b></span><span style="color:rgb(0, 0, 0);font-weight:normal;">– national convenience retailer</span><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.spar.com.au/"><b><u>https://www.spar.com.au/</u></b></a><span></span><br><br><br><span style="color:rgb(0, 0, 0);"><b>Medical Centre (Qualitas)-</b></span><span style="color:rgb(0, 0, 0);font-weight:normal;"> international medical group with 250 locations across Australia, Malaysia, Singapore</span><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://qualitashealth.com.au/our-practices/doctors-regents-park"><b><u>https://qualitashealth.com.au/our-practices/doctors-regents-park</u></b></a><span></span><br><br><br><span style="color:rgb(0, 0, 0);"><b>4Cyte Pathology </b></span><span style="color:rgb(0, 0, 0);font-weight:normal;"> – specialist pathology group with 800 locations across the east coast of Australia.</span><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.4cyte.com.au/"><b><u>https://www.4cyte.com.au/</u></b></a><span></span><br><br><br><span style="color:rgb(0, 0, 0);"><b>Waller Road Pharmacy-</b></span><span style="color:rgb(0, 0, 0);">local pharmacy in operation from the Centre since 2014.</span><br><br><br><span style="color:rgb(0, 0, 0);"><b>Browns Plains Real Estate-</b></span><span style="color:rgb(0, 0, 0);"> local real estate in operation from the Centre since 2015.</span><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://brownsplainsrealestate.com.au/"><u>https://brownsplainsrealestate.com.au/</u></a><span></span><br><br><br><span style="color:rgb(0, 0, 0);"><b>Laundry Today – modern laundromat</b></span><br><br><span style="color:rgb(0, 0, 0);"><b>Bakery</b></span><br><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://glutenfree4u.com.au/"><u>https://glutenfree4u.com.au/</u></a><span></span><br><br><br><b>Alpha Care and Share (NDIS)</b><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://alphacareandshare.com.au/"><b><u>https://alphacareandshare.com.au/</u></b></a><span></span><br>
Initial Term:
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Security Info:
Please refer to attached financials.
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject Property: 191 Waller Road, Regent Park - 902sqm - $482/sqm net 318 Wardell Street, Enoggera – 656sqm - $559/sqm net 18-22 Kremzow Road, Brendale – 850sqm (specialties only) - $502/sqm net 110 Mountain View Ave, Miami – 1,686sqm - $411/sqm net Subject to valuation and further due diligence.
Offer To Purchase:
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Due Diligence:
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<span style="color:rgb(214, 201, 173);">Key Highlights:</span><br><br><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;">Fully leased, freehold, multi tenanted, retail convenience centre, anchored by a SPAR convenience store, a medical/pathology centre and a pharmacy, located on a corner site in a rapidly growing area of </span><span style="color:rgb(0, 0, 0);margin-inline-start:35.7pt;font-weight:normal;font-style:normal;">Brisbane</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);font-style:normal;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Anchored by strong, long term tenants including SPAR Supermarket, Doctors @ Regents Park, Pharmacy, Pathology, Browns Plains Real Estate, Laundromat, </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;font-weight:normal;font-style:normal;">Bakery and Hairdresser/Beauty Salon.</span></p></li><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;">902 sqm* GLA</span></p></li><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;">3,223 sqm* site area with massive 70m wide </span><span style="color:rgb(0, 0, 0);margin-inline-start:35.7pt;font-weight:normal;font-style:normal;">frontage</span></p></li><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;">Corner location (flood free on a rasied block)</span></p></li><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;">Neighbourhood Centre zoning</span></p></li><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;">Long leases with strong annual increases (up to </span><span style="color:rgb(0, 0, 0);margin-inline-start:36pt;font-weight:normal;font-style:normal;">4.5% per annum)</span></p></li><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;">8 Tenants in place</span></p></li><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;">Prime location in tightly held area (close to Browns Plains Grant Plaza including Woolworths, Coles, Big W, etc, plus a Bunnings within 1km*)</span></p></li><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;">41 on-site car parks</span></p></li><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;">CCTV surveillance</span></p></li><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;">Pylon signage</span></p></li><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;">Approx. 4.5 year WALE as at June 2025 (Medical GP lease to 2030 and SPAR lease </span><span style="color:rgb(0, 0, 0);margin-inline-start:35.7pt;font-weight:normal;font-style:normal;">until 2032)</span></p></li><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;">Estimated Net Income: $434,613 p.a. + GST as at June 2025</span><span style="color:rgb(0, 0, 0);margin-inline-start:35.7pt;font-weight:normal;font-style:normal;"> ($482/sqm net)</span></p></li></ul><br><span style="color:rgb(214, 201, 173);">Why we like this investment:</span><br><br><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;">Anchored by medical (GP, Pathology, Pharmacy) </span><span style="color:rgb(0, 0, 0);margin-inline-start:35.7pt;font-weight:normal;font-style:normal;">and retail convenience (SPAR)</span></p></li><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;">Recently renovated and extended centre – low </span><span style="color:rgb(0, 0, 0);margin-inline-start:35.7pt;font-weight:normal;font-style:normal;">maintenance</span></p></li><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;">Net leases - outgoings recovered from tenants</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);font-style:normal;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Growing location – Brisbane southern corridor to </span><span style="color:rgb(0, 0, 0);margin-inline-start:35.7pt;font-weight:normal;font-style:normal;">the Gold Coast</span></p></li><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;">Close to a school (therefore parents/kids spend </span><span style="color:rgb(0, 0, 0);margin-inline-start:35.7pt;font-weight:normal;font-style:normal;">money before after/school)</span></p></li></ul><br><span style="color:rgb(68, 114, 196);"><b> </b></span><span style="color:rgb(214, 201, 173);">Value add ideas:</span><br><br><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;">Potential for additional rent by leasing the centre’s roof space to Rethink Renewals who will add solar panels to the roof, at no cost to the Landlord. Further potential for electricity cost savings through solar for any common area electricity (e.g. potential $333k</span><sup style="color:rgba(0, 0, 0, 1);display:inline;font-weight:normal;font-style:normal;">#</sup><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> value uplift </span><span style="color:rgb(0, 0, 0);margin-inline-start:35.7pt;font-weight:normal;font-style:normal;">assuming $20,000 p.a. roof rent based on 6% cap rate).</span></p></li></ul><br><span style="color:rgb(0, 0, 0);">* Approximate</span><br><sup style="color:rgba(0, 0, 0, 1);display:inline;"># </sup><span style="color:rgb(0, 0, 0);">Subject to valuation and market at the time.</span>
