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
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