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6-24 Gates Road, Flagstone, QLD, 4280

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6-24 Gates Road, Flagstone, QLD, 4280

Flagstone

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6-24 Gates Road, Flagstone, QLD, 4280

Flagstone

SOLD
6-24 Gates Road, Flagstone, QLD, 4280

6-24 Gates Road, Flagstone, QLD, 4280

Properties / Sold / Queensland / Flagstone
Tenanted Investment
Selling Method
Expression of Interest
Selling Details
Closing Thursday 16th November 2023 at 4:00pm (AEST)
Land Area
18,550 m² (*approx)
Floor Area
4604 m² (*approx)
Property Type
Retail
Terms
New 10-year lease
Est. Income
$1,607,000 p/a
Fully Leased
Coles Supermarket
Car Spaces
245
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NEW COLES ANCHORED NEIGHBOURHOOD SHOPPING CENTRE IN SIGNIFICANT GROWTH CORRIDOR
  • Highly attractive long 7.7 Year* WALE
  • Largest full-line Supermarket within MTA
  • 8.6% p.a.* MTA population growth

CBRE is pleased to present to market Flagstone Village, a near new Coles anchored retail investment opportunity strategically positioned in the heart of the emerging Flagstone City Centre, with a forecasted 8.6%* p.a. MTA population growth.

- 4,604sqm* Coles anchored neighbourhood shopping centre secured via a long 7.7 Year* WALE (by income).

- New 10-year lease to a 3,616sqm* full-line Coles Supermarket, occupying 70%* of income and 79%* of the GLA, representing the largest full-line supermarket in the MTA.

- Located 38km* south of the Brisbane CBD and 7km* west of Jimboomba, within the identified Flagstone Priority Development Area (PDA).

- The Flagstone PDA is Queensland's second largest residential growth corridor and has been identified for an additional 50,000 new dwellings to accommodate 120,000 persons^.

- The MTA population is projected to increase at an average growth rate of 8.6%* p.a, over 4 times the Australian average^

- MTA retail spending is forecast to increase to $1.5 billion by 2041, representing an average growth rate of 11.3% p.a.^

- At-grade car parking for 245 vehicles including 2 electric charging bays and a Coles click and collect loading area.

- Fully leased net income: $1,607,000 per annum* (As at 1 November 2023)
 

For Sale by Expressions of Interest closing Thursday 16th November 2023 at 4:00pm (AEST).
 

*Approximate. ^ Location IQ Report

Remember to mention you found this property on CommercialReady

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Tenanted Investment
Tenanted Investment

6-24 Gates Road Investment Summary

Property Type
Retail
Est. Income
$1,607,000 p/a
Tenant
Coles Supermarket
Terms
New 10-year lease
Wale
7.7 years
Land Area
18,550 m² (*approx)
Floor Area
4604 m² (*approx)
Car Spaces
245
Selling Method
Expression of Interest
Selling Details
Closing Thursday 16th November 2023 at 4:00pm (AEST)

Investment Highlights

NEW COLES ANCHORED NEIGHBOURHOOD SHOPPING CENTRE IN SIGNIFICANT GROWTH CORRIDOR
  • Highly attractive long 7.7 Year* WALE
  • Largest full-line Supermarket within MTA
  • 8.6% p.a.* MTA population growth

CBRE is pleased to present to market Flagstone Village, a near new Coles anchored retail investment opportunity strategically positioned in the heart of the emerging Flagstone City Centre, with a forecasted 8.6%* p.a. MTA population growth.

- 4,604sqm* Coles anchored neighbourhood shopping centre secured via a long 7.7 Year* WALE (by income).

- New 10-year lease to a 3,616sqm* full-line Coles Supermarket, occupying 70%* of income and 79%* of the GLA, representing the largest full-line supermarket in the MTA.

- Located 38km* south of the Brisbane CBD and 7km* west of Jimboomba, within the identified Flagstone Priority Development Area (PDA).

- The Flagstone PDA is Queensland's second largest residential growth corridor and has been identified for an additional 50,000 new dwellings to accommodate 120,000 persons^.

- The MTA population is projected to increase at an average growth rate of 8.6%* p.a, over 4 times the Australian average^

- MTA retail spending is forecast to increase to $1.5 billion by 2041, representing an average growth rate of 11.3% p.a.^

- At-grade car parking for 245 vehicles including 2 electric charging bays and a Coles click and collect loading area.

- Fully leased net income: $1,607,000 per annum* (As at 1 November 2023)
 

For Sale by Expressions of Interest closing Thursday 16th November 2023 at 4:00pm (AEST).
 

*Approximate. ^ Location IQ Report

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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6-24 Gates Road, Flagstone, QLD, 4280

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Property Location of 6-24 Gates Road, Flagstone, QLD, 4280

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6-24 Gates Road, Flagstone, QLD, 4280 Flagstone
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