RWC Retail are proud to present for sale Clayfield Villaggio - a high-profile DA Approved development site in the prestigious inner-Brisbane suburb of Clayfield. For sale via Expressions of Interest.
|What|
• Irreplaceable 3,608sqm* corner site that provides both significant holding income and immediate development upside
• Landmark location on one of Brisbane's busiest intersections (Sandgate & Junction Roads) boasting enormous exposure to over 51,800^ vehicles per day
• New DA Approval for a modern retail centre providing 960sqm* of additional GFA and a new underground carpark with dual road access
• Currently improved with a mixed-use centre providing a diversified income stream with Retail, Medical, Office and Residential tenants
• Existing tenants include Terry White Chemmart - Australia's largest pharmacy chain and Getta Burger
• Fully Leased Net Income of $352,386 + GST p.a (average net rent of only $233/sqm)
|Where|
• 6km* North of the Brisbane CBD, Clayfield is located in one of the most sought-after pockets in Brisbane with a median per capita income 53% greater than the QLD benchmark
• Five of Brisbane's most prominent schools including Clayfield College and St Rita's, along with four train stations within a 1km* radius of the site
• Clayfield is also serviced by two major arterial roads (Sandgate and Junction) along with the Airport Link tunnel and East-West Arterial, providing convenient and easy access to the Brisbane CBD and Brisbane Airport
|Why|
• Demand for retail space in the Clayfield-Toombul precinct is at an all time high - following the closure of Toombul Shopping Centre (660m* North of the site)
• With multiple tenancies on below market rents and month-to-month leases, Clayfield Villagio provides immediate rental reversion upside
* Approximately
^Sitewisely
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