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1-3 College Street, North Lakes, QLD, 4509

2. Property Highlights

Prime Convenience Retail Centre | National Brands Include NightOwl, Domino's + BWS
  • Expansive 4,517sqm* corner site
  • Rare opportunity in growth corridor
  • Diverse income profile

Burgess Rawson is pleased to offer to the market 1-3 College Street, North Lakes QLD for sale via Expressions of Interest Campaign as part of our Investment Portfolio 162.

The property has the following investment highlights:

+ Diverse tenancy mix featuring medical and national retail tenants Night Owl, Domino's, BWS, Best Life Medical and North Lakes Dental Centre

+ Guaranteed high-growth income stream with attractive CPI, fixed 4%, 3.5%, and 3% annual rent reviews

+ Prime retail centre positioned on an expansive 4,517sqm* corner freehold site with a 76m* frontage to Discovery Drive

+ Directly linking to Anzac Avenue capturing 46,000* vehicles passing daily^

+ Easy access and convenient parking for 61* vehicles via the on-grade car parks

+ Zoned *Special Development* under the Mango Hill Infrastructure Development Control Plan (DCP)^^

+ Value add opportunity with DA approval for a drive-thru pad site at the entrance of the property

+ Strategic location adjacent to The Lakes College with 900+ enrolments and 3km* from Westfield North Lakes - a major retail hub anchored by ALDI, IKEA, Woolworths, Dan Murphy's and more than 233 speciality stores^

+ Located 33km* north of Brisbane CBD in the booming Moreton Bay growth corridor of North Lakes, with population forecast to jump by 45% by 2041^^

+ Net Income: $517,302 pa* + GST

For sale via Expressions of Interest

Closing 4:00pm AEST Thursday 10 August 2023

Please contact the exclusively appointed Burgess Rawson team for further information.



^^Moreton Bay Regional Council

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3. Property Location

1-3 College Street, North Lakes, QLD, 4509

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4. Due Diligence

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