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51 McGinn Road Ferny Grove QLD 4055

  • Shop & Retail
  • 4,449 m²
  • For Sale, CONTACT EXCLUSIVE AGENT

ESTABLISHED BRISBANE METROPOLITAN NEIGHBOURHOOD CENTRE - 11KM FROM CBD

  • Diverse income profile
  • High, certain income growth
  • Prime 9,098 sqm* corner site

4,449 sqm* neighbourhood centre anchored by a 2,359m2* Coles supermarket nearing turnover threshold
Diverse income profile with a strategic mix of medical, health and food & beverage retailers
National tenants include Dominos, Jetts Fitness, BWS, Healthsave Pharmacy & Maven Dental
Prime 9,098 sqm* corner location prominently positioned between Ferny Grove Primary (850 students*) and High School (1,800 students*)
Burgeoning population growth with over 1,200 new homes currently under construction within the primary trade, driving population growth projections of 23.6% by 2031
Main Trade Area retail spending is currently estimated at $583.9 million* and is projected to increase to $923.1 million by 2031, representing a strong average growth rate of 5.8% p.a.*
Excellent tenant retention history within the centre along with certain income growth between 3% & 4% p.a
Affluent, family-based retail catchment with a strong affinity for convenience-based food and grocery facilities with an average household income of $104,364 p.a. 43% higher than the Queensland average
Future value-add development opportunities available (STCA)
Fully Leased Net Income: $1,130,978 p.a*
*Approx.

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING 29TH APRIL 2021 4:00PM (AEST)

Property Highlights

Property ID2016890663
Floor Area4,449 m²
Land Area9,098 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  25 Mar 2021
Map for 51 McGinn Road Ferny Grove QLD 4055
Map for 51 McGinn Road Ferny Grove QLD 405551 McGinn Road Ferny Grove QLD 4055

Property Highlights

Property ID2016890663
Floor Area4,449 m²
Land Area9,098 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  25 Mar 2021
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street Brisbane City QLD 4000

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