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11 Commercial Drive
Springfield QLD 4300
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Sold on 22 May 2024

11 Commercial Drive Springfield QLD 4300

  • Shop & Retail
  • 1,107 m²
  • Sold

BRAND NEW LONG WALE INVESTMENT - 100% LEASED TO VIVA LEISURE

  • ASX Listed Viva Leisure (ASX:VVA)
  • Brand new 7-year triple net lease
  • Certain 3.25% p.a income growth

CBRE Retail Investments are pleased to present to market Club Lime, Springfield.

- Brand new 7 year triple net lease, with options extending to 2040, underpinned by ASX listed Viva Leisure (ASX:VVA).
- Strategic 2,347sqm* freehold site positioned in one of Springfield's major retail precincts alongside Hungry Jacks and opposite the Coles anchored Springfield Fair.
- Well-designed 1,107sqm* single level fitness centre with 21 allocated on-grade car parks, plus an additional 27 on-grade shared car parks.
- Recently constructed in 2023, offering substantial depreciation benefits and a tax-effective income stream.
- Located 22km* south-west of the Brisbane CBD in the heart of Springfield City, Australia's largest master-planned city, with the population forecast to grow 130% by 2036^.
- Single tenanted investment 100% leased to ASX listed Viva Leisure (ASX:VVA), with a market cap of $126.85** million and operates over 370 facilities nationally.

Club Lime, Springfield is being offered for sale via Expressions of Interest closing Wednesday 22nd November 2023 at 4:00pm (AEST).

For further information on this opportunity, please reach out to the sales and marketing agents.

*Approximate. ^LIQ, 2023. **As at 17 October 2023

CBRE Brisbane
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Date Sold22 May 2024
Floor Area1,107 m²
Land Area2,347 m²
ParkingOn site parking available
Property ID2018853888
Category
Last updated  21 May 2024
Map for 11 Commercial Drive Springfield QLD 4300
CBRE Brisbane
CBRE Brisbane
Waterfront Place, Level 3 1 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Date Sold22 May 2024
Floor Area1,107 m²
Land Area2,347 m²
ParkingOn site parking available
Property ID2018853888
Category
Last updated  21 May 2024

More about 11 Commercial Drive Springfield QLD 4300

11 Commercial Drive Springfield QLD 4300 is categorized as Shop & Retail Property. It has a floor area of 1,107 m² and a land area of 2,347 m². The listing ID for this property is 2018853888.

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