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Sunshine Coast shopping centre hits the market

Property Markets / Transactions

Oct 08 2018

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A popular shopping centre, situated in a prime location in one of the Sunshine Coast’s most historic towns, is for sale.

Yandina Shopping Centre, which is anchored by a 1,000sqm IGA supermarket and a mix of speciality stores, is situated on the corner of Old Gympie Road and Farrell St – the gateway to the town’s retail strip.

The property includes a separate adjoining 1.214ha title, which is approved for development expansion that would more than double the centre’s current floor area. Another 5,185sqm would be left over for future development.

The centre is located nearby Yandina’s famous Ginger Factory, historic Yandina Pub, and a busy industrial estate in an area earmarked by the Queensland Government for rapid growth.

Rem Rafter, of CBRE who is marketing the centre with colleagues Brendan Robins, Michael Hedger and Joe Tynam, said the Yandina Shopping Centre was an outstanding investment opportunity.

“It’s a high performing centre with development land, as well as the main trading precinct’s only supermarket,” Mr Rafter said.

“The centre’s future development, which would see it more than double its current size, will only further capitalise on the growing catchment and provide a critical retail centre for decade.”

The centre includes parking for 114 vehicles, generates an annual holding net income of $988,583, and is being offered with a Weighted Average Lease Expiry (WALE) of 6.34 years. 

Expressions of Interest close on Wednesday, 31st October 2018 at 4.00pm.

 

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