Located on the prominent corner of Moggill Road and Merlin Terrace, Kenmore Central Shopping Centre offers 547m² of lettable retail space across 7 tenancies. This prime location provides excellent exposure to daily traffic, with ample parking options via both undercroft and at-grade car bays, ensuring easy access for customers.
Summary:
• Land Area: 1589m²
• Building Area: 547m²
• Fully Leased Net Income: $255,082.35 pa + GST
• 7 Tenancies
• 32 onsite car bays
• 2 Motorcycle bays
Key Features:
• Strategic Location: Just 12 kilometres west of Brisbane's CBD, this property is perfectly positioned to benefit from both suburban and city traffic. With nearby schools such as Kenmore State School, and local amenities including Moggill Road Strip Retail, Kenmore Village, and popular dining spots like Red Rooster, the property attracts high foot traffic from local residents and commuters alike.
• Established Tenant Base: The shopping centre is home to a diverse mix of tenants, including Domino's, Waterworld Pool Shop, Kenmore Tobacconist, Male Escape Barber Shop, and a dry cleaner, creating a well-supported retail environment that continues to serve the community's everyday needs.
• Versatile Tenancy Options: With a total floor space of 547m², there is ample opportunity for businesses seeking a retail, office, or a professional/Medical services space. This is an ideal location for investors looking to capitalize on consistent rental income or owner-occupiers wishing to establish a presence in a high-exposure area.
• Ample Parking: The property provides convenient customer parking with undercroft and at-grade car bays, making it easy for visitors to access the centre.
• Proximity to Local Amenities: In addition to its central location near schools and key shopping precincts, the property is just minutes from Kenmore's vibrant shopping and dining scene, making it an attractive destination for businesses catering to both local residents and those commuting through the area.
With ongoing residential growth and increasing demand for local services, Kenmore Central Shopping Centre presents a unique opportunity for both investors and owner-occupiers. The property's combination of established tenants, flexible leasing opportunities, and high visibility makes it a standout offering in this thriving community.
Interested parties are invited to contact Gavin Moore of McGees Property Brisbane for additional information or to arrange an inspection.
Expression of interest closing Thursday 20th February 2025
