Acacia Marketplace, 1150 Beaudesert Road, Acacia Ridge

Lioncorp Commercial & Ray White Retail are proud to present Acacia Marketplace, Acacia Ridge (Brisbane), QLD, offered for sale via Expressions of Interest closing Tuesday 1st September at 5:00pm (AEST).

What

• 8,383sqm* neighbourhood shopping centre offered to the market for the first time in 23 years.
• Dual-supermarket anchored by Woolworths & Aldi.
• Supported by leading national retailers including Supercheap Auto, Chemist Warehouse, Ampol, MyCar and BWS.
• Significant 43% rental uplift potential, with specialty gross rents averaging $701/sqm*.
• Future repositioning and redevelopment potential, including two adjoining residential houses on separate titles.
• Secure 3.45-year WALE (by area).
• Estimated fully leased net income of $2,196,062 + GST per annum.

Where

• Prominent 2.68ha* landholding located just 11km* south of the Brisbane CBD.
• 382 on-site car parks servicing the centre.
• Outstanding exposure with 237m* frontage to more than 45,000 vehicles passing daily.
• Positioned within a rapidly growing trade area underpinned by strong population growth.
• Median house prices within the catchment have increased by 113% over the past five years.

Why

• Woolworths is currently undertaking a significant refurbishment of its store, demonstrating its long-term commitment to the centre.
• Opportunity to acquire the asset at a substantial discount to its estimated replacement cost of more than $80 million*.
• Strong 99.1% occupancy with only one vacancy.
• One of Brisbane’s few dual-supermarket anchored neighbourhood shopping centres.
• Additional income of approximately $60,000 per annum generated by the two residential lots.

For further information, please contact the Exclusive Agents at Lioncorp Commercial or Ray White Retail.

Expressions of Interest close Tuesday 1st September at 5:00pm (AEST).