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5-7 Tallebudgera Creek Road
Burleigh Heads QLD 4220
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Sold on 7 Dec 2018

5-7 Tallebudgera Creek Road Burleigh Heads QLD 4220

  • Shop & Retail
  • 2,898 m²
  • Sold

Partnership Liquidation of Burleigh Heads Shopping Centre

Ray White Commercial (QLD) are pleased to exclusively offer 5-7 Tallebudgera Creek Road, Burleigh Heads QLD for sale by Auction on Friday 7th December 2018, 10:15am at Level 26, 111 Eagle Street, Brisbane City QLD.

5-7 Tallebudgera Creek Road represents the opportunity to acquire a shopping centre located in the highly desirable suburb, Burleigh Heads.

Key Investment Attributes:
• Complimentary tenancy mix of medical, retail and restaurant tenants including a Subway head office lease
• Strong tenant retention history with long term tenants occupying for up to 22 years
• 849sqm* GLA situated on a prominent 2,898sqm* land parcel
• High levels of exposure to over 18,500 cars passing daily^^
• The Main Trade Area retail expenditure is forecast to experience strong growth of over 4.3% pa over the next 13 years, representing an annual spend of $115,100,000 by 3031**
• Guaranteed income growth with multiple 4% annual increases
• Positioned with direct connectivity to the Caltex service station providing shared access to additional 40* car parks
• Opportunity to value add through future rent reversions, with potential to stratum and sell down (STCA)
• Fully leased net income of $236,173* + GST p.a.

* Approximately
** LocationIQ
^^ Sitewisely

This property is being sold by Auction or Expressions of Interest and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

AUCTION

Auction date and time07/12/2018 10:15
Auction locationLevel 26, 111 Eagle Street, Brisbane City

Property Highlights

Date Sold7 Dec 2018
Floor AreaAsk Agent
Land Area2,898 m²
ParkingAsk Agent
Property ID2014771873
Category
Last updated  10 Dec 2018
Map for 5-7 Tallebudgera Creek Road Burleigh Heads QLD 4220

Property Highlights

Date Sold7 Dec 2018
Floor AreaAsk Agent
Land Area2,898 m²
ParkingAsk Agent
Property ID2014771873
Category
Last updated  10 Dec 2018
Level 26/111 Eagle St Brisbane City QLD 4000

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