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12-14 Gowrie Street Toowoomba City QLD 4350

  • Shop & Retail
  • 1,291 m²
  • For Sale, For Sale by Expressions of Interest

Kingsthorpe Central Convenience Retail and Medical Centre

  • Long Lease Security
  • Attractive Net Lease Structures
  • Genuine Value Add Opportunity

Kingsthorpe Central is a modern near new Convenience Retail and Medical complex featuring a dynamic mix of tenants anchored by an IGA Supermarket plus five (5) supporting tenants including a Bottleshop, Medical Centre, Chemist and a Dentist. The Complex is anchored by an 800sqm* IGA Supermarket which is secured on a 20-year lease to 2038 plus 2 x 10 year options to 2058. Kingsthorpe Central Shopping Centre features excellent access and convenient grade level parking for 52* vehicles.

Kingsthorpe Central Shopping Centre is located within the Toowoomba Local Government Area, the second largest non-capital inland city in Australia. Kingsthorpe is located 20km* north-west of the Toowoomba CBD and 16km* north of the Toowoomba Wellcamp Airport. Toowoomba is located within 130km* west of Brisbane. The complex occupies a gateway style position within Kingsthorpe and is easily accessible with wide road frontages.

Key highlights include:

- Near New Convenience Retail and Medical Centre Comprising (6) tenancies including an IGA Supermarket, Bottleshop, Dentist, Medical Centre and Chemist

- Long Lease Security The Centre features a long lease profile (WALE) of over 12.5 years* by lettable area

- Attractive Net Lease Structures All tenants are secured on Net Leases and pay their proportionate share of recoverable outgoings

- Dominant Centre Kingsthorpe Central is the dominant Retail & Medical Centre in the catchment and only supermarket in the immediate area

- Tax Depreciation The Centre provides valuable tax benefits via substantial building depreciation

- Establish Area with Young Demographics Kingsthorpe is an established town of greater Toowoomba with a predominantly young family demographic with a median age of 37* years

- Value Add Opportunity The complex appreciates a significant future value add opportunity via an approved staged expansion plan for currently undeveloped land

- For Sale by Expressions of Interest closing 3pm (QLD) Thursday 29 October 2020

*Approximate

Property Highlights

Property ID2016522398
Floor Area1,291 m²
Land Area8,118 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  7 Oct 2020
Map for 12-14 Gowrie Street Toowoomba City QLD 4350
Map for 12-14 Gowrie Street Toowoomba City QLD 435012-14 Gowrie Street Toowoomba City QLD 4350
Savills Brisbane
Level 33, Riverside Centre, 123 Eagle Street Brisbane City QLD 4000

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