Gladstone Central, 45-69 Dawson Highway, West Gladstone, QLD, 4680

Gladstone Central Shopping Centre, 45-69 Dawson Highway, West Gladstone QLD 4680

For Sale | DIVERSIFIED CENTRAL QUEENSLAND RETAIL COMPLEX

Two independent retail centres

12,593sqm of GLA

Low occupancy costs drive rental growth

JLL is proud to exclusively present for sale Gladstone Central Shopping Centre, a diversified regional retail investment comprising the NightOwl Centre and Spotlight Centre – two independently functioning centres offered either individually or together in one line. The centre delivers 12,593sqm of lettable area across a 1.89-hectare landholding with approximately 300 metres of Dawson Highway frontage, supported by 39 national, regional and local retailers and 414 car bays.

The key asset highlights are as follows:

Dual-centre ownership structure – flexibility to acquire, hold, reposition or divest either centre, rare within Australian retail

Fully leased net income of $3,801,509 per annum, underpinned by a 4.14-year WALE by income and 95% occupancy

Approximately 67% of gross passing income derived from chains, government and banking covenants, with no single tenant contributing more than 9.0%

Two distinct income profiles – NightOwl led by food, beverage and convenience (64%), Spotlight led by fitness and entertainment (32%) and health, medical and wellbeing (26%)

Low average occupancy cost ratio of 9.32% across the centre, with 71% of tenants reporting turnover, presenting a compelling rent reversion opportunity

$10 million invested by the current owners since 2019, with an estimated $90 million replacement cost representing a substantial barrier to entry

Prominent Dawson Highway position capturing 15,900 vehicles daily, with 88.0% of visitation originating from within the main trade area

Trade area population of 75,040 forecast to reach 88,740 by 2046, with retail expenditure projected to grow from $1.54 billion to $3.47 billion

Underpinned by Gladstone’s globally significant industrial and energy economy – approximately 28,000 local jobs, Queensland’s largest multi-commodity port and more than $600 million of committed clean energy investment – Gladstone Central offers resilient income, genuine ownership flexibility and rare exposure to one of Australia’s strongest regional economies.

A 100% freehold interest in Gladstone Central is offered for sale, in one line or as individual centres, by way of Expressions of Interest closing 4.00pm (AEST), Thursday 26 November 2026.

Please contact the exclusive selling agents to arrange inspections or to request access to the Electronic Data Room. All enquiries regarding the information provided herein or to request an inspection should be directed to the exclusive selling agents.

*Approximate

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