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Sold on 8 Jan 2021

1-7 Mariner Boulevard Deception Bay QLD 4508

  • Shop & Retail
  • 1,098 m²
  • Sold

Shopping Centre With Strong Upside

    Significant upside available with this IGA anchored shopping centre in a growth corridor.

    There is new energy in the centre with the opening of IGA North Rise.

    Current situation:
    - Net rent $221,390 P/A (approx 6% return)
    - IGA anchored (with lease to 2026 plus 3x5 options)
    - 9 tenancies with 3 vacancies which could increase net income by around $100,000 P/A with the right strategy resulting in a yield closer to 8.5%

    The cafe/restaurant space is ripe for renovation and comes with dedicated outdoor space which (if beautified) could attract a strong food tenant. The vacant shops could be readily leased with the right incentives.

    Deception Bay is in Brisbane's northern growth corridor. Moreton Bay has a thriving population nearing 450,000 people around 35km* from Brisbane CBD. With a new train line nearby and good transport links with the nearby Bruce Highway, D'Agular Highway and the Caboolture and Redcliffe railway lines.

    We would be keen to discuss with you how you can do very well with this interesting retail investment.

    Julie Ryan
    Ray White Commercial Northern Corridor Group - Mooloolaba & Morayfield
    Julie Ryan
    Ray White Commercial Northern Corridor Group - Mooloolaba & Morayfield

    Property Highlights

    Property ID2015850048
    Date Sold8 Jan 2021
    Floor Area1,098 m²
    Land Area5,083 m²
    ParkingAsk Agent
    Category
    Last updated  29 Jan 2021
    Map for 1-7 Mariner Boulevard Deception Bay QLD 4508
    Map for 1-7 Mariner Boulevard Deception Bay QLD 45081-7 Mariner Boulevard Deception Bay QLD 4508
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Julie Ryan
    Ray White Commercial Northern Corridor Group - Mooloolaba & Morayfield
    Julie Ryan
    Ray White Commercial Northern Corridor Group - Mooloolaba & Morayfield

    Property Highlights

    Property ID2015850048
    Date Sold8 Jan 2021
    Floor Area1,098 m²
    Land Area5,083 m²
    ParkingAsk Agent
    Category
    Last updated  29 Jan 2021
    Ray White Commercial Northern Corridor Group - Mooloolaba & Morayfield
    Level 1/172 Brisbane Rd Mooloolaba QLD 4557
    Julie Ryan
    Ray White Commercial Northern Corridor Group - Mooloolaba & Morayfield
    Julie Ryan
    Ray White Commercial Northern Corridor Group - Mooloolaba & Morayfield

    Ask Julie Ryan about this property

    Julie Ryan

    Julie Ryan

    Ray White Commercial Northern Corridor Group - Mooloolaba & Morayfield

    0447 *** ***
    0447 445 453

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