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Sold on 30 Jun 2021

349-369 Colburn Avenue Victoria Point QLD 4165

  • Shop & Retail
  • 20,892 m²
  • Sold

AN IRREPLACEABLE OPPORTUNITY OF ABSOLUTE SCALE AND SECURITY

  • First time offered for sale
  • Developed without compromise
  • Ultra-dominant convenience based Town

JLL is pleased to exclusively offer for sale, TownCentre Victoria Point an unrivalled 7.6 ha landholding that sets the benchmark for convenience-based retailing in Australia.

FOOD | FUEL | HARDWARE | LIQUOR | MEDICAL

Key Investment Highlights:
- Anchored by national heavyweight tenants: Woolworths, Bunnings Warehouse, Dan Murphy's, ALH Group, McDonalds & Healius Medical Centre
- Strong performing Woolworths Supermarket trading at 53% above the Urbis average (MAT/ sqm basis) and supported by defensive non-discretionary and service-based retailers
- Carefully designed into six key precincts, each being entirely self-sustainable and serviceable, allowing for long term liquidity and subdivision (STCA)
- Attractive underlying mixed-use zoning with immediate value add via existing DA approval for expansion
- Encompassing nine buildings with a total GLA of 20,892 sqm the centre represents a low site coverage of 27%
- Low supermarket provision in the MTA with only three full-line supermarkets supporting 100,000 persons including over 50,000 person in the primary trade area
- Poised to benefit from a population uplift of 37% in the total trade area, averaging 1.6% p.a., outpacing the Australian average of 1.3%^
- Fully leased net income of $7.2 million p.a.*

TownCentre Victoria Point is being offered by way of Expressions of Interest closing Wednesday 23rd June 2021 and 2:00pm (AEST)

To book an inspection or obtain further information, contact the exclusive selling agents at JLL.

^LocationIQ
*Approximate

Nick Willis
JLL - Sydney
Nick Willis
JLL - Sydney
Sam Hatcher
JLL - Sydney
Sam Hatcher
JLL - Sydney
Jacob Swan
JLL - Sydney
Jacob Swan
JLL - Sydney

Property Highlights

Property ID2017018055
Date Sold30 Jun 2021
Floor Area20,892 m²
Land Area7.61 ha
Parking866 x Onsite parkings
Building TypeWhole building
Category
Last updated  14 Jul 2021
Map for 349-369 Colburn Avenue Victoria Point QLD 4165
Map for 349-369 Colburn Avenue Victoria Point QLD 4165349-369 Colburn Avenue Victoria Point QLD 4165
Nick Willis
JLL - Sydney
Nick Willis
JLL - Sydney
Sam Hatcher
JLL - Sydney
Sam Hatcher
JLL - Sydney
Jacob Swan
JLL - Sydney
Jacob Swan
JLL - Sydney

Property Highlights

Property ID2017018055
Date Sold30 Jun 2021
Floor Area20,892 m²
Land Area7.61 ha
Parking866 x Onsite parkings
Building TypeWhole building
Category
Last updated  14 Jul 2021
JLL - Sydney
Level 25 420 George Street Sydney NSW 2000
Nick Willis
JLL - Sydney
Nick Willis
JLL - Sydney
Sam Hatcher
JLL - Sydney
Sam Hatcher
JLL - Sydney
Jacob Swan
JLL - Sydney
Jacob Swan
JLL - Sydney
Nick Willis

Nick Willis

JLL - Sydney

Sam Hatcher

Sam Hatcher

JLL - Sydney

Jacob Swan

Jacob Swan

JLL - Sydney

+614 *** ***
+61409595803

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