 Asset Class: | Retail |
 Price: | $ 17500000 |
 Net Yield: | 6.15 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This exceptional commercial property presents a unique opportunity to acquire a newly constructed, high-performing Neighbourhood Shopping Centre located in the heart of Richlands. Situated within the City of Brisbane, Richlands Marketplace is approximately 19 kilometres south-west of Brisbane CBD and 21 kilometres east of Ipswich CBD. The area boasts a strong population growth rate projected at 3% per annum to 2041, underscoring its promising future.<br> <br>The shopping centre spans a site area of 15,760 square metres, with a net lettable area of 1,679 square metres and 97 on-grade car parking spaces, offering an excellent ratio of 5.75 spaces per 100 square metres of GLA. The property provides dual vehicular access via Garden Road and Government Road, allowing for all-turns entry, along with multiple pedestrian access points along the street frontage. A loading dock facility is conveniently located on the eastern side of the building with access via Government Road.<br> <br>Richlands Marketplace features a diverse mix of tenants. The centre includes eight specialty tenancies spanning 1,050 square metres, a government office of 220 square metres, and two pad sites covering 409 square metres. Key tenants include KFC, Hoppy’s Carwash, Richlands Country Market, Cafe 63, and seven additional supporting tenants, ensuring a broad appeal and stable income stream.<br> <br>This investment generates a net income of $<span style="color:rgb(0, 0, 0);">1,075,891</span> per annum, with annual rental increases varying between 3%, 3.5%, or CPI +1%, depending on the lease terms. The combination of a strategic location, steady cash flow, and the potential for future growth makes this property a robust and attractive investment opportunity for prospective buyers.
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Richlands Marketplace is situated within the City of Brisbane, approximately 19 kilometres south- west of Brisbane CBD and 21 kilometres east of Ipswich CBD.<br> <br>Richlands Marketplace is located within a strong industrial and commercial precinct, surrounded by residential neighbourhoods. Richlands anticipates significant population growth over the next two decades. By 2041, the population is forecast to reach 36,489 residents, reflecting an average annual growth rate of 3.08%, far exceeding the Queensland average of 1.30% during the same period.<br> <br>Richlands boasts an affluent workforce population, with 70.2% of its residents participating in the labour force2. The average weekly personal income stands at $832, 5.7% higher than the Queensland average. Given the robust population growth and large workforce population, there is strong demand for convenient retail offerings which Richlands Marketplace provides.
Additional Location Information File<span style="color:rgb(214, 201, 173);"><b> </b></span><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;"><a style="color:rgb(44, 123, 208);font-weight:normal;font-style:normal;display:inline;" target="_blank" href="https://www.kfc.com.au/restaurants/kfc-richlands/4077?utm_source=google&utm_medium=organic&utm_campaign=GMB&utm_content=61K9705"><u>KFC Richlands</u></a><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: </span></p></li></ul><span style="color:rgb(214, 201, 173);"><b> </b></span><br><span style="color:rgb(0, 0, 0);">Founded in 1903 in Kentucky, KFC was launched in Australia in 1968. Since then, KFC has opened over 750 restaurants across Australia and employ 40,000+ people.</span><br><span style="color:rgb(0, 0, 0);"> </span><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;"><a style="color:rgb(44, 123, 208);font-weight:normal;font-style:normal;display:inline;" target="_blank" href="https://www.hoppyshwc.com.au"><u>Hoppy’s Carwash</u></a><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: </span></p></li></ul><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(0, 0, 0);">Founded over a decade ago, Hoppy’ Carwash implements professional car detailers with industry best practices and equipment to give that showroom look and feel. Hoppy’s Carwash provides access to a range of a high-quality car wash and products and equipment in their 24hr self-service option. Hoppy’s Carwash currently operates in 10 Brisbane locations.</span><br><span style="color:rgb(0, 0, 0);"> </span><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;"><a style="color:rgb(44, 123, 208);font-weight:normal;font-style:normal;display:inline;" target="_blank" href="https://www.instagram.com/richlandscountrymarket/"><u>Richlands Country Market</u></a><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: </span></p></li></ul><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(0, 0, 0);">Richlands Country Market is a premium market offering high quality, affordable and seasonal fresh fruit, vegetables and deli options. Richlands Country Market is renowned for offering the freshest produce at the most affordable prices.</span><br><span style="color:rgb(0, 0, 0);"> </span><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;"><a style="color:rgb(44, 123, 208);font-weight:normal;font-style:normal;display:inline;" target="_blank" href="https://cafe63.com.au"><u>Café 63</u></a><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: </span></p></li></ul><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(0, 0, 0);">Founded in 2006, Café 63 is one of Australia’s fastest growing café chains serving a wide variety of breakfast, lunch, and dinner available all day. Café 63 is fully licensed with a range of beer, wine, and spirits. Café 63 has over 50 sites across QLD and more recently WA.</span><br><span style="color:rgb(0, 0, 0);"> </span><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;"><a style="color:rgb(44, 123, 208);font-weight:normal;font-style:normal;display:inline;" target="_blank" href="https://coldrock.com.au/?gad_source=1&gbraid=0AAAAADCZkgod0j6PoJBGpuB5vKKbzRdWV&gclid=CjwKCAiA0rW6BhAcEiwAQH28IoVxQqFtXrlZKC0mF_635qXcJblOZvSvbGOBdAwYiYsF4MDTzxlrbhoCe-EQAvD_BwE"><u>Cold Rock</u></a><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: </span></p></li></ul><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(0, 0, 0);">Cold Rock offers a cultural experience with 30,000 different combos to choose from. With over 25 years of success in Australia, Cold Rock now has over 100 stores located across Australia.</span><br><span style="color:rgb(0, 0, 0);"> </span><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;"><a style="color:rgb(44, 123, 208);font-weight:normal;font-style:normal;display:inline;" target="_blank" href="https://harukoreanbbq.com.au "><u>Haru Korean BBQ</u></a><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: </span></p></li></ul><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(0, 0, 0);">Haru Korean BBQ offers a wide selection of premium meats marinated to perfection, paired with traditional Korean sides. Haru Korean BBQ is a cozy, inviting ambience and the ideal destination for families and friends.</span><br><span style="color:rgb(0, 0, 0);"> </span><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;"><a style="color:rgb(44, 123, 208);font-weight:normal;font-style:normal;display:inline;" target="_blank" href="https://www.instagram.com/caliber_barber_shop/?hl=en"><u>Caliber Barber</u></a><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: </span></p></li></ul><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(0, 0, 0);">Caliber Barber is a local barbershop that has been proudly operating onsite since 2023, offering quality grooming services tailored to the needs of the community. Known for its skilled barbers and welcoming atmosphere, the shop has quickly established itself as a go-to destination for modern and classic haircuts, beard trims, and personalized styling.</span><br><span style="color:rgb(0, 0, 0);"> </span><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;"><a style="color:rgb(44, 123, 208);font-weight:normal;font-style:normal;display:inline;" target="_blank" href="https://thespicedelightqld.com.au"><u>Spice Delights Indian Restaurant</u></a><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">: </span></p></li></ul><span style="color:rgb(0, 0, 0);"> </span><br><span style="color:rgb(0, 0, 0);">Spice Delights Indian Restaurant is a vibrant culinary destination where passion for authentic Indian cuisine meets the palate of discerning diners. Operating onsite since 2023, it has become a favorite for those seeking flavorful dishes that celebrate India's rich culinary heritage. The restaurant prides itself on offering a diverse menu featuring traditional recipes, modern interpretations, and high-quality ingredients, all crafted to deliver an exceptional dining experience.</span><br><span style="color:rgb(0, 0, 0);"> </span><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(0, 0, 0);font-weight:normal;font-style:normal;">Mayfair Kebab: -</span></p></li></ul><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(0, 0, 0);font-weight:normal;font-style:normal;">Garden Road Bakery: -</span></p></li></ul><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(0, 0, 0);font-weight:normal;font-style:normal;">Commonwealth Government Office: -</span></p></li></ul>
Initial Term:
Security:
Security Info:
Richlands Country Market – 332 sqm – 482/sqm Garden Road Bakery – 66 sqm - $724/sqm Commonwealth Australia Office – 220 sqm - $700/sqm Haru Yakiniku Korean BBQ – 194 sqm - $796/sqm Cold Rock – 62 sqm - $832/sqm Caliber Barber – 68 sqm - $880/sqm Spice Delights Indian Restaurant – 90 sqm - $773/sqm Café 63 – 176 sqm - $852/sqm Hoppys Carwash – 201 sqm - $685/sqm KFC – 208 sqm - $1,024/sqm 463 Anzac Avenue Rothwell (KFC) – 250 sqm - $1,120 sqm (projected in 2025) 459 Pumicestone Road, Caboolture, QLD 4510 (KFC) – 220 sqm - $955/sqm
Offer To Purchase:
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Initial Deposit:
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Due Diligence:
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Finance:
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Settlement:
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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(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Retail Building</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;">Demographics: Richlands has a strong population growth rate projected at 3% per annum to 2041.</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;">Site area: 15,760 square metres</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;">Net lettable area (NLA): 1,679 square metres</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;">Parking: 97 on-grade spaces (5.75 spaces per 100 square metres of GLA)</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;">Access:</span></p></li><ul style="list-style-type:circle;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;">Dual vehicular access via Garden Road and Government Road with all-turns entry</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;">Multiple pedestrian access points along the street frontage</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;">Dedicated loading dock facility on the eastern side via Government Road</span></p></li></ul><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;">Tenancy Mix:</span></p></li><ul style="list-style-type:circle;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;">Eight specialty tenancies (1,050 square metres)</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;">One government office (220 square metres)</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;">Two pad sites (409 square metres)</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;">Key tenants: KFC, Hoppy’s Carwash, Richlands Country Market, Cafe 63, and seven additional tenants</span></p></li></ul><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;">Net income: $</span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">1,075,891</span><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;"> per annum</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;">Annual rental increases: 3%, 3.5%, or CPI +1%, depending on lease agreements</span></p></li></ul>
