 Asset Class: | Retail |
 Price: | $ 7500000 |
 Net Yield: | 6.50 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Presenting an exceptional opportunity to purchase a freehold, retail convenience centre in the booming "Brisbane Northern Growth Corridor" suburb of Caboolture.<br><br>East Caboolture Village comprises a single-level L-shaped building containing 9 tenancies. The centre has a building area of 1,167qm1 and sits on a high pr ofile 3,221sqm1 corner land parcel. The centre benefits<br>from strong lines of sight and a highly visible pylon sign at the corner of McKean & Rowe Streets.<br><br>There are 41 on-site parking bays, with all tenants enjoying car park frontage. Entry and exit to the car park is via Rowe Street.<br><br>The investment provides a solid return, with future potential upside through "value add ideas" such as solar and digital billboard in the short term, and a tenant remix towards medical or re-development of the site into high denisty residential in the medium to long term.<br><br>We look forward to securing this property for you.<br>
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Halfway between Brisbane and the Sunshine Coast, Caboolture is arguably the largest growing region in Queensland.<br><br>At the latest census, the Caboolture region had a population of almost 80,000 residents. This population is set to double over the comingdecade driven by the development of Caboolture West - a Queensland Government designated “Priority Development Area” set to welcome 70,000 new residents tothe area - alongside further growth in the rest of the Caboolture region.<br><br>The core of the region is centred around the Caboolture Station, just 350m1 from East Caboolture Village. With 650 Park’N’Ride bays, this station provides Caboolture with convenient and direct access to the Brisbane CBD, and will soon provide access into the Sunshine Coast with the $5.5bn development of the Sunshine Coast Rail Extension.<br><br>East Caboolture Village’s positioning within this core area is highlighted by it’s proximity to three major schools (3,350 Students3), a TAFE campus and Caboolture Hospital (302 beds).<br><br>This area has been further strengthened with the development of the new Caboolture Satellite Hospital, directly opposite East Caboolture Village. Opening in 2023, this firstof its-kind development provides urgent care for non-emergency patients, together with outpatient and community health services.<br><br>Being such an amenity-rich rich precinct, Moreton Bay Council has designated much of the area as an ‘Urban Neighbourhood’ place type, which encourages increases in residential densities with predominantly mediumdensity developments, which would further enhance the catchment area of the centre.
Additional Location Information FileInitial Term:
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Security Info:
Please refer to attached financials.<br><br>Subject to further due diligence.
Additional Financial Information FileInitial Term:
Security:
Security Info:
Subject property: 22-28 Rowe Street, Caboolture - 1,167 sqm - $416/sqm average net 318 Wardell Street, Enoggera – 656sqm - $559/sqm net 18-22 Kremzow Road, Brendale – 850sqm specialties only) - $502/sqm net 191 Waller Drive, Regents Park – 902sqm - $476/sqm net 110 Mountain View Ave, Miami – 1,686sqm - $411/sqm net 57 Ashmole Road, Redcliffe – 713sqm - $403/sqm net 69 Maud Street, Maroochydore - 840 sqm - $380/sqm net retail only averaged Subject to valuation and further due diligence
Offer To Purchase:
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Due Diligence:
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<span style="color:rgb(51, 63, 72);">|What|</span><br><span style="color:rgb(51, 63, 72);">• East Caboolture Village is a convenience shopping centre that is the dominant convenience offering in the catchment</span><br><span style="color:rgb(51, 63, 72);">• Anchored to 2031 by Friendly Grocer, and supported by Pizza Hut to 2034</span><br><span style="color:rgb(51, 63, 72);">• 1,167sqm* lettable area across a single L-shaped building</span><br><span style="color:rgb(51, 63, 72);">• 41 on-site car parks</span><br><span style="color:rgb(51, 63, 72);">• Urban neighbourhood zoning - allowing high density residential potential development to 27 metres^</span><br><span style="color:rgb(51, 63, 72);">• WALE of 5.76 years (by income) as at 1 April 2025</span><br><span style="color:rgb(51, 63, 72);">• Estimated fully leased net income of $485,584 + GST p.a. (after all outgoings including land tax and management fees) ($416/sqm net)</span><br><br><span style="color:rgb(51, 63, 72);">|Where|</span><br><span style="color:rgb(51, 63, 72);">• 3,221sqm* corner land parcel in one of Australia's fastest growing catchments</span><br><span style="color:rgb(51, 63, 72);">• Situated halfway between Brisbane & the Sunshine Coast</span><br><span style="color:rgb(51, 63, 72);">• Located in the heart of the Caboolture region, with a population that is projected to nearly double to over 150,000 residents in the coming decade</span><br><span style="color:rgb(51, 63, 72);">• Servicing an amenity-rich catchment with multiple schools, a TAFE campus, train station, and two hospital campuses - including one directly opposite the centre</span><br><br><span style="color:rgb(51, 63, 72);">|Why|</span><br><span style="color:rgb(51, 63, 72);">• Landlord favourable CPI annual increases for the majority of tenants</span><br><span style="color:rgb(51, 63, 72);">• A complementary mix of tenants resulting in a busy centre, both day & night</span><br><span style="color:rgb(51, 63, 72);">• Recent capex completed at the property </span><br><br><span style="color:rgb(51, 63, 72);">|Value Add Ideas|</span><br><span style="color:rgb(51, 63, 72);">• Solar on roof (estimated $80,000 potential value upside assuming $5,000 additional net rent at purchase yield)</span><br><span style="color:rgb(51, 63, 72);">• Digital billboard (estimated $80,000 potential value upside assuming $5,000 additional net rent at purchase yield)</span><br><span style="color:rgb(51, 63, 72);">• Medium term, convert the centre into a medical centre</span><br><span style="color:rgb(51, 63, 72);">• Medium to long term, redevelop the site into medium to high density residential, retirement, etc.^</span><br><br><br><span style="color:rgb(51, 63, 72);">* Approx.</span><br><span style="color:rgb(51, 63, 72);">^ Subject to town planning review and Council approvals</span><br><br><span style="color:rgb(51, 63, 72);">Subject to further negotiation (on market and competitive, the vendor is currently negotiating with 2 other buyers).</span>
