RWC Retail are proud to present for sale 212 Cracknell Road - a fully leased suburban retail centre in Brisbane's inner-south suburb of Tarragindi.
|What|
• Modern suburban retail centre fully leased to a complementary mix of tenants, just 5km* from the Brisbane CBD.
• Anchored by BNE Baracca, a thriving cafe which has underpinned the centre since 2016 and is a popular stop for locals.
• Supported by a longstanding and complementary tenancy mix including a Day Spa, Agency & Architecture Studio.
• 381sqm* building renovated in 2016, creating a modern suburban centre
• 2.56 Year WALE (By Area)
• Fully Leased Net Income of $278,452 + GST p.a.
|Where|
• Commanding 997sqm* island site with 63m* street frontage in the heart of Tarragindi a predominantly residential suburb in Brisbane's inner-south, with a current population of just over 11,000 residents
• Just 200m* from a local primary school, and serviced by bus stops less than 30m* from the property
• Highly connected with some of Brisbane's key hubs including the Pacific Motorway & South-East Busway, and within 10 minutes drive of Griffith University and Greenslopes Private Hospital
• Tarragindi has witnessed sustained residential growth in recent years, with house price growth in excess of 53% to $1.20 million in the 5 years to 2023
|Why|
• A highly captive audience as one of the only cafe's in Tarragindi, capturing the ever-growing demand from Australia's breakfast and coffee culture
• An opportunity to invest in Brisbane's inner-south catchment, set to continue its sustained growth ahead of the 2032 Olympics
• Providing 12 on-site car parks, together with substantial on-street parking enabling absolute convenience
• Offering the best aspects of suburban retail, with a fully leased & complementary tenancy mix underpinned by a popular anchor cafe.
For Sale via Offers to Purchase
