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45-69 Dawson Highway
Gladstone Central QLD 4680
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Sold on 11 Mar 2019

45-69 Dawson Highway Gladstone Central QLD 4680

  • Shop & Retail
  • 12,579 m²
  • Sold

ADD SIGNIFICANT VALUE / RECEIVE HIGH INITIAL RETURNS

  • Mortgagee Sale
  • Strong National Tenancy Profile
  • Only Cinemas in Gladstone

Gladstone Central
Spotlight/Cinema & NightOwl Centres

Gladstone Central comprises both the Spotlight Centre & NightOwl Centre, presenting an appealing counter-cyclical opportunity to acquire the asset from Mortgagee in Possession.

Key investment attributes include:

+ MORTGAGEE IN POSSESSION SALE Gladstone Central is the opportunity of 2018 to acquire a centre well-below replacement cost in a counter cyclical market.

+ Ideal Central location, opposite Gladstone's largest school and adjacent to the Gladstone Hospital & Mater Misericordiae Hospital.

+ Strong national tenancy profile with most retailers the only representation in the Gladstone region. Gladstone Cinema is the only cinema operator within the region

+ Local Economy to benefit from resource, energy, construction, transport, tourism and government projects

+ Enormous 355m* frontage to Dawson Highway

+ Secure Passing Income: $2,379,629*
+ Potential Fully Leased Income: $3,008,404

For Sale by Expressions of Interest closing Thursday 14th November at 4pm (AEDT)
For Sale in One Line

Under the Instruction from Chris MacDonnell of Restructuring Solutions as Agent for Mortgagee in Possession.

Property Highlights

Date Sold11 Mar 2019
Floor Area12,579 m²
Land Area1.89 ha
Parking366 x Onsite parkings
Property ID2014701234
Category
Last updated  9 Feb 2024
Map for 45-69 Dawson Highway Gladstone Central QLD 4680

Property Highlights

Date Sold11 Mar 2019
Floor Area12,579 m²
Land Area1.89 ha
Parking366 x Onsite parkings
Property ID2014701234
Category
Last updated  9 Feb 2024

Listed by

CBRE Brisbane
Call
07 3833 9833

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