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11 Commercial Drive, Springfield, QLD, 4300

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11 Commercial Drive, Springfield, QLD, 4300

11 Commercial Drive, Springfield, QLD, 4300

Properties / Sold / Queensland / Springfield
Tenanted Investment

1. Property Summary

Selling Method
EOI
Selling Details
PLEASE CONTACT EXCLUSIVE AGENTS
Land Area
2,347 m² (*approx)
Floor Area
1107 m² (*approx)
Property Type
Retail
Sub-type
Large Format, Mixed Use
Terms
Brand new 7 year triple net lease, with options extending to 2040
Est. Income
$341,000 p/a
Fully Leased
Viva Leisure
Show All

2. Property Highlights

BRAND NEW LONG WALE INVESTMENT - 100% LEASED TO VIVA LEISURE
  • ASX Listed Viva Leisure (ASX:VVA)
  • Brand new 7-year triple net lease
  • Certain 3.25% p.a income growth

CBRE Retail Investments are pleased to present to market Club Lime, Springfield.

- Brand new 7 year triple net lease, with options extending to 2040, underpinned by ASX listed Viva Leisure (ASX:VVA).

- Strategic 2,347sqm* freehold site positioned in one of Springfield’s major retail precincts alongside Hungry Jacks and opposite the Coles anchored Springfield Fair.

- Well-designed 1,107sqm* single level fitness centre with 21 allocated on-grade car parks, plus an additional 27 on-grade shared car parks.

- Recently constructed in 2023, offering substantial depreciation benefits and a tax-effective income stream.

- Located 22km* south-west of the Brisbane CBD in the heart of Springfield City, Australia’s largest master-planned city, with the population forecast to grow 130% by 2036^.

- Single tenanted investment 100% leased to ASX listed Viva Leisure (ASX:VVA), with a market cap of $126.85** million and operates over 370 facilities nationally.

- Net Income $341,000* per annum + GST.

Club Lime, Springfield is being offered for sale via Expressions of Interest closing Wednesday 22nd November 2023 at 4:00pm (AEST).

For further information on this opportunity, please reach out to the sales and marketing agents.

*Approximate. ^LIQ, 2023. **As at 17 October 2023

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

1. Property Summary

Property Type
Retail
Sub-type
Large Format, Mixed Use
Est. Income
$341,000 p/a
Number Of Tenants
1
Tenant
Viva Leisure
Terms
Brand new 7 year triple net lease, with options extending to 2040
Land Area
2,347 m² (*approx)
Floor Area
1107 m² (*approx)
Selling Method
EOI
Selling Details
PLEASE CONTACT EXCLUSIVE AGENTS

2. Property Highlights

BRAND NEW LONG WALE INVESTMENT - 100% LEASED TO VIVA LEISURE
  • ASX Listed Viva Leisure (ASX:VVA)
  • Brand new 7-year triple net lease
  • Certain 3.25% p.a income growth

CBRE Retail Investments are pleased to present to market Club Lime, Springfield.

- Brand new 7 year triple net lease, with options extending to 2040, underpinned by ASX listed Viva Leisure (ASX:VVA).

- Strategic 2,347sqm* freehold site positioned in one of Springfield’s major retail precincts alongside Hungry Jacks and opposite the Coles anchored Springfield Fair.

- Well-designed 1,107sqm* single level fitness centre with 21 allocated on-grade car parks, plus an additional 27 on-grade shared car parks.

- Recently constructed in 2023, offering substantial depreciation benefits and a tax-effective income stream.

- Located 22km* south-west of the Brisbane CBD in the heart of Springfield City, Australia’s largest master-planned city, with the population forecast to grow 130% by 2036^.

- Single tenanted investment 100% leased to ASX listed Viva Leisure (ASX:VVA), with a market cap of $126.85** million and operates over 370 facilities nationally.

- Net Income $341,000* per annum + GST.

Club Lime, Springfield is being offered for sale via Expressions of Interest closing Wednesday 22nd November 2023 at 4:00pm (AEST).

For further information on this opportunity, please reach out to the sales and marketing agents.

*Approximate. ^LIQ, 2023. **As at 17 October 2023

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Michael Hedger
Michael Hedger
+61 *** *** *** show +61 488 059 009
Harrison Coburn
Harrison Coburn
+61 *** *** *** show +61 400 532 906
Nick Kennedy
Nick Kennedy
+61 *** *** *** show +61 400 789 896
Joe Tynan
Joe Tynan
+61 *** *** *** show +61 422 050 338

Download Development Site Report

3. Property Location

11 Commercial Drive, Springfield, QLD, 4300

Property Map
Street View
11 Commercial Drive, Springfield, QLD, 4300 Springfield
CBRE - Brisbane
CBRE - Brisbane
Waterfront Place Level 3, 1 Eagle Street BRISBANE CITY, QLD 4000
View Agency Profile
Michael Hedger
Michael Hedger
+61 *** *** *** show +61 488 059 009
Harrison Coburn
Harrison Coburn
+61 *** *** *** show +61 400 532 906
Nick Kennedy
Nick Kennedy
+61 *** *** *** show +61 400 789 896
Joe Tynan
Joe Tynan
+61 *** *** *** show +61 422 050 338
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