21 Peachey Road Ormeau QLD 4208

CBRE Retail Investments are pleased to present Ormeau Shopping Centre for sale as a modern, fully leased neighbourhood shopping centre positioned in the heart of a growing residential catchment along the Brisbane-to-Gold Coast corridor. Ormeau Shopping Centre is located 45km* south of Brisbane and 35km* north of the Gold Coast CBD and is anchored by a 3,994sqm* Woolworths supermarket, complimented by a diverse tenancy mix spanning 6 tenancies including BWS, Medical and Pharmacy.

The centre provides income security via a 12.72* year WALE with Woolworths comprising 87%* of the total GLA on a 20 year lease expiring 2035. Some of the key investment attributes include:

- Highly convenient shopping centre with 246 car parks provided
- Situated in a high-profile location along Peachey Road, with direct access off the M1 Pacific Motorway only 500m away
- Exponential retail spending growth within the main trade area going from $348m to $676m by 2031 representing an annual growth rate of 5.7%
- New generation asset offering purchaser tax effective income stream
- Net Income $1,714,726 per annum

Ormeau Shopping Centre is for sale via an International Expressions of Interest campaign closing Thursday 5 September 2019 at 5.00pm (AEST).

This property forms part of The Diverse Collection portfolio being sold exclusively through CBRE, please click through to our landing page to view all assets within the collection.

https://thediversecollection.com.au/

*Approx