CBRE QLD Retail Investments are pleased to present to market Rochedale Central - a strategically located retail investment in one of Brisbane's fastest growing residential catchments.
Rochedale Central is prominently positioned on the high-profile corner of Gardner Road & Lorisch Way, one of the main arterials through Rochedale. This uncontested positioning sees the property capture exposure from all surrounding developments and capitalises on the Arise and Rochedale Estates, only accessible through Lorisch Way, future proofing itself for long-term growth.
Other investment highlights include:
- A premium, brand new retail investment opportunity strategically located in the heart of one of Brisbane's fastest growing catchments 13km south of the Brisbane CBD.
- Diverse income profile with a strong weighting towards non-discretionary retailers with 70% of the income underpinned by IGA, BWS and medical retailers.
- Significant residential growth of over 10% per annum and population forecast to exceed 20,000 over the next 15 years.
- Situated on a high-profile corner location along Gardner road, one of the main arterials through Rochedale with direct access to the M1 Motorway and Gateway motorway.
- Certain, high income growth with majority of income seeing up to 4% per annum.
- Exponential retail spending growth within the main trade area of 10.8% per annum going from $97m to $539m over the next 15 years.
- Cultural diversity within trade area, with a high demand for quality food and beverage operators focused in Asian Cuisine.
- Fully Leased Net Income: $959,257 per annum.
THE PROPERTY IS FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 11TH April 2019 AT 4.00PM (AEST).
A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.
