Ray White Commercial QLD are pleased to present IGA Collinsville Plaza, a regional IGA-anchored centre that has been anchored by Cornetts for 27 years.
|WHAT|
• The only shopping centre in Collinsville, and is anchored by full-line Cornetts IGA, who have leased at the centre since 1995 and have recently renewed for a further 10 years to 2032
• Supported by a longstanding bakery (1999) and hairdresser (2017)
• 1,411sqm* of building area on a 3,414sqm land parcel with corner frontage to Collinsville's two main streets
• Providing 34 on-site car parks
• Estimated Fully Leased Net Income of $203,776 + GST p.a.
• WALE (by income) of 8.15 years
|WHERE|
• Situated at the heart of Collinsville, located 90km West of Airlie Beach
• Recent major investment includes a $100m Solar Farm opened in 2022, employing over 120 residents full-time.
• Collinsville is traditionally a mining town with a history dating back to 1921 and just over 1,200 residents today, with current mining projects including Glencore's Open Cut Mine (3km), Sonoma Coal Mine (11km) and Drake Coal Mine (20km)
• Just 1km from the shopping centre is the 400-person Sodexo Village Camp which provides accommodation for the nearby mines.
|WHY|
• Cornetts are the largest operator of IGA's in Queensland with over 30 stores across the state and are 45% owned by ASX-listed Metcash
• First time offered to market in over 25 years
• An outstanding entry-level IGA investment with landlord favourable net leases
• The only supermarket in an 80km radius, and along the key connector, State Route 77
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