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204-208 Bestmann Road Sandstone Point QLD 4511

  • Shop & Retail
  • 2,389 m²
  • For Sale, Contact Agent

CONVENIENCE BASED RETAIL INVESTMENT IN STRATEGIC GROWTH CORRIDOR

  • Resilient income profile
  • Genuine value add
  • 6.3* Year WALE (by Income)

CBRE Queensland Retail Investments are pleased to present Sandstone Point Village a convenience-based retail investment strategically located along the Brisbane to Sunshine Coast growth corridor offering a diverse and resilient income profile. We draw your attention to the following investment highlights:

* Over 80% of the income underpinned by a strong trading IGA (New 10-year lease), Medical Centre & Pharmacy (New 7-year lease) & BWS
* Excellent tenant retention with majority of the retailers having occupied the centre since 2006
* Income security underpinned via a 6.3* year WALE
* Genuine value add potential to expand the GFA in the short to medium term (STCA) with the existing low site coverage - opportunity to increase income to circa $980,000
* Certain, high income growth with an average annual increase of 3%* per annum
* Expansive and prominent 9,236m2 site with car parking for 158 vehicles
* Fully Leased Net income: $829,631 per annum

Sandstone Point is located approximately 42 kilometres north-east of Brisbane, 15 kilometres east of Caboolture and 2 kilometres southwest of Bribie Island. The convenience shopping centre is the only recognized shopping centre between Caboolture and Bribie island.

FOR SALE BY WAY OF EXPRESSIONS OF INTEREST CLOSING THURSDAY 17th SEPTEMBER at 4PM

Property Highlights

Property ID2016431551
Floor Area2,389 m²
Land Area9,236 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  11 Aug 2020
Map for 204-208 Bestmann Road Sandstone Point QLD 4511
Map for 204-208 Bestmann Road Sandstone Point QLD 4511204-208 Bestmann Road Sandstone Point QLD 4511
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street Brisbane City QLD 4000

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