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Cushman & Wakefield is pleased to present a Prime Retail investment secured by national tenants, in the heart of Kippa-Ring. Anchored by a new 8-year lease to Silly Solly’s expiring 2033 and further supported by a 5-year lease to Snap Fitness, the asset boasts a 7.31-year WALE (by Area) generating a net income of $497,617* per annum.
Offering dual street frontage, the commanding 3,445sqm site is ideally situated with exposure to over 140,000 vehicles per week. Directly adjoining Kippa-Ring & Peninsula Fair Shopping Centers, which attracts over 6 million visitors annually.
Highlights include:
• Strong Net Income of $497,617* approx. per annum.
• Long WALE of 7.31 years (by Area) anchored by a 5-year lease to snap fitness expiring 2029 & new 8-year lease to Silly Solly’s expiring 2033.
• Dual street frontage with 30m* street exposure to Anzac Avenue which has over 140,000 cars passing weekly.
• City of Moreton Bay is projected to grow its population by 43% by 2041 which equates to over 690,000 people.
• Strategically located neighbouring Kippa-Ring and Peninsula Fair Shopping Centres home to major multi-national tenants such as Woolworths, Coles, Kmart, Hoyts Cinema, Dan Murphys, which attracts over 6,000,000 visitors per annum.
The property is offered For Sale via immediate offers to purchase.
*Approximate
Remember to mention you found this property on CommercialReady
Cushman & Wakefield is pleased to present a Prime Retail investment secured by national tenants, in the heart of Kippa-Ring. Anchored by a new 8-year lease to Silly Solly’s expiring 2033 and further supported by a 5-year lease to Snap Fitness, the asset boasts a 7.31-year WALE (by Area) generating a net income of $497,617* per annum.
Offering dual street frontage, the commanding 3,445sqm site is ideally situated with exposure to over 140,000 vehicles per week. Directly adjoining Kippa-Ring & Peninsula Fair Shopping Centers, which attracts over 6 million visitors annually.
Highlights include:
• Strong Net Income of $497,617* approx. per annum.
• Long WALE of 7.31 years (by Area) anchored by a 5-year lease to snap fitness expiring 2029 & new 8-year lease to Silly Solly’s expiring 2033.
• Dual street frontage with 30m* street exposure to Anzac Avenue which has over 140,000 cars passing weekly.
• City of Moreton Bay is projected to grow its population by 43% by 2041 which equates to over 690,000 people.
• Strategically located neighbouring Kippa-Ring and Peninsula Fair Shopping Centres home to major multi-national tenants such as Woolworths, Coles, Kmart, Hoyts Cinema, Dan Murphys, which attracts over 6,000,000 visitors per annum.
The property is offered For Sale via immediate offers to purchase.
*Approximate
Remember to mention you found this property on CommercialReady
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