115-119 Short Street Boronia Heights QLD 4124

CBRE Retail Investments is pleased to present to market the Boronia Heights Shopping Centre.

Well established 1,200sqm* convenience centre, anchored by an IGA Supermarket and 9 additional specialty retailers.
389sqm* IGA Supermarket that has been in occupation for over 30 years, and secured by a 12 year lease expiring in 2031, representing 32% of GLA.
Secure 5.1 year WALE (by income), with 54% of retailers occupying the centre for over 10 years, demonstrating excellent tenant retention and demand from the catchment.
Expansive 5,837sqm* freehold corner allotment, with a significantly low 20% site coverage, and potential further development (STCA).
Designed to provide supreme convenience with all tenants benefiting from direct exposure and access to the 78 on grade car parks.
Opportunity for genuine growth across the income profile via rent reversions with current rentals sitting below recent market comparable evidence.
Situated 25km* south of the Brisbane CBD, the centre is surrounded by key residential suburbs including Park Ridge and Browns Plains with easy accessibility via the Mount Lindesay Highway.
Fully leased net income $513,000 per annum + GST**

Boronia Heights Shopping Centre is for sale via expressions of interest closing Thursday 7th March 2024 at 4:00pm (AEST).

For further information on this opportunity, please reach out to Harrison Coburn or Michael Hedger.

*Approximate. **Approximate, as at 1 May 2024