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Sold on 12 Dec 2019

21 Peachey Road Ormeau QLD 4208

  • Shop & Retail
  • 8,607 m²
  • Sold

PRIME RETAIL INVESTMENT IN HIGH GROWTH RESIDENTIAL CORRIDOR

  • Established town centre precinct
  • Investment security with dominant anchor
  • Fully leased Net Income $1,714,726

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

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Property Highlights

Property ID2015509088
Date Sold12 Dec 2019
Floor Area8,607 m²
Land Area8 ha
ParkingAsk Agent
Building TypeWhole building
Category
Last updated  2 Dec 2019
Map for 21 Peachey Road Ormeau QLD 4208
Map for 21 Peachey Road Ormeau QLD 420821 Peachey Road Ormeau QLD 4208
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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

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CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street Brisbane City QLD 4000

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