 Asset Class: | Retail |
 Price: | $ 4250000 |
 Net Yield: | 6.97 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Offered is a fully leased, high-profile retail centre positioned in the heart of Browns Plains' thriving Retail and Medical precinct. Anchored by established national tenants on long-term leases, it provides a secure and diversified income stream within a rapidly growing market.<br><br>Located at 25-29 Eastern Road, the property occupies a prominent corner position, offering high visibility and drawing customers from a wide catchment area. It features a 2,055m2* site with a NLA of 440m2* and includes 19* on-title parking bays. With seamless access to the Mount Lindesay Highway and dual street frontage, it benefits from excellent transport links and exposure to both Eastern Road and Village Square. The surrounding retail mix includes Bunnings, Woolworths, and McDonald's, contributing to Browns Plains’ $141.1 million* MTA retail spending market.<br><br>The centre is anchored by Subway and Baskin-Robbins, with staggered lease expiry dates diversifying risk. Each tenant benefits from annual fixed increases of 3% to 4%, ensuring stable rental growth. All leases are fully net, with tenants responsible for outgoings, including BC levies, MGMT and land tax.<br><br>This quality retail investment, backed by national tenants in a vibrant and growing precinct, is primed to deliver a net income of $297,000* in its first year.<br>
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Logan City forms part of the Greater Brisbane region and is strategically positioned between Brisbane, the Port of Brisbane, the Gold Coast, and Ipswich, offering direct access to major transport routes like the Logan and Gateway Motorways. Currently home to 363,300 residents, Logan is one of Australia’s fastest-growing regions, with the population projected to increase by 59% to 586,000 by 2041. This rapid growth has attracted multinational corporations and innovative startups, drawn by its connectivity and economic potential. The city has a Gross Regional Product of $15.04 billion, supported by 23,409 businesses and 120,307 jobs as of December 2022, making it a key player in Queensland’s economy. To accommodate this expansion, Logan is undergoing significant development with $18.9 billion in publicly funded projects, focusing on residential, commercial, and infrastructure upgrades, ensuring its long-term appeal for residents and businesses alike.<br><br><br>Queensland Growth<br>Queensland’s $500 billion economy has been supported by continued, strong population growth and a resource boom over the past two decades, exceeding the national average and placing the state in a strong position to exceed growth expectations. In the 12 months leading up to April 2024, QLD has seen a 2.2% growth rate in its retail trade during, resulting in an increase of $137 million in trade turnover. QLD achieved the third-highest population growth rate of 2.6% during the 12 months leading up to June 2023. Regarding employment, for the year ending in April 2024, the QLD growth rate rose again by a further 3.96%, employing over 111,000 individuals.<br>
Additional Location Information File5 Famous Tenants<br>Subway<br>Baskin Robbins<br>Khao Siam Thai Restaurant<br>Golden Lor Chinese<br>Goda Donburi
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25-29 Eastern Road, Browns Plains – 440m2 - $675/m2 1/34 Browns Plains Road, Browns Plains – 248m2 - $626/m2 (Westpac) 28-34 Browns Plains Road, Browns Plains – 692m2 - $504/m2 7/2 Patricks Road, Arana Hills – 50m2 - $652/m2 7/338 Waterworks Road, Ashgrove – 48m2 - $1,100/m2 7/486 Waterworks Road, Ashgrove – 87m2 - $708/m2
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⦁ Fully leased metro retail complex Investment<br>⦁ Epicentre within thriving Retail and Medical precinct<br>⦁ Strong WALE of 5.5 years by area<br>⦁ Zoned: Centre<br>⦁ Land: 2,055m2<br>⦁ NLA: 440m2* <br>⦁ Net income: $297,000* pa<br>⦁ Ample parking 19* on grade bays<br>⦁ 594m* of dual retail frontage to Eastern Road & Village Square<br>⦁ Compounding 3% & 4% fixed increases, ensuring stable rental growth<br>⦁ Surrounded by several major and national retailers<br>⦁ All outgoings payable by tenants; MGMT fees, land tax, insurance and BC levies<br>⦁ Prime location: 21km* from Brisbane CBD with expected 48% growth by 2041<br>⦁ Browns Plains MTA - significant retail spending of $141.1 million<br>⦁ Subway: international fast-food leader with more than 44,000 locations globally<br>⦁ Baskin-Robbins: global ice cream brand with over 8,000 locations worldwide<br>⦁ Logan: second fastest growing LGA in SEQ with a population set to increase 47% by 2041<br>⦁ Booing growth corridor with $1.2 billion committed in future capital works projects
