Watch Watch

2. Property Highlights

  • Resilient & diverse income profile
  • 100% fully leased
  • Rare opportunity in dominant catchment

CBRE are pleased to present to market Central Park, Calamvale – An established investment underpinned by a diverse and resilient income profile with exposure across the medical, retail & residential sectors.

Key Investment Highlights:

- Irreplaceable 5,024sqm* freehold site with a 50m* dominant exposure to Algester Road that captures over 68,000* cars weekly.

- 1,003sqm* fully leased medical, retail and residential investment opportunity offering a diverse income profile.

- Resilient tenancy composition with a focus on non-discretionary retailers, with medical and allied health operators representing 51% of GLA.

- Additional income security via twelve 3 bed, 2 bathroom and 1 car residential apartments, positioned at the rear.

- Strategically positioned in one of Brisbane's sought-after and populous residential corridors only 20km* from Brisbane CBD.

- Convenient parking for 55** vehicles via the on-grade car park with dual street access from Algester Road & Central Street.

- Certain, high-growth income stream reflecting an average weighted rent review of 3.55% p.a.

- The recent change to Neighborhood Centre (NC) zone allows the incoming purchaser complete flexibility for future development outcomes.

- Opportunity for genuine growth across the income profile via rent reversions with current rental’s sitting below recent market comparable evidence.

- Net Income of $613,000* p.a. + GST

For Sale vie Expressions of Interest closing Thursday 22nd June at 4:00pm (AEST).

For further information, please contact one of the sales and marketing agents.

* Approx

** Excluding residential car parks

Remember to mention you found this property on CommercialReady

Read More

4. Property Location

168 Algester Road, Calamvale, QLD, 4116

Property Map

5. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
168 Algester Road, Calamvale, QLD, 4116 Calamvale
calculator-icon Yield Calculator
calcultor-icon Yield Calculator