Burgess Rawson is pleased to offer to the market Pines Point Shopping Centre located at 25 Pitcairn Way, Pacific Pines (Gold Coast) QLD for sale via Expressions of Interest as part of our Investment Portfolio 171.
This opportunity has the following key investment highlights:
+ Rare opportunity to purchase a fully leased multi-tenanted retail centre with landlord - favourable net lease structure across all tenants (excluding land tax), providing future income growth
+ Diverse and complimentary tenancy mix underpinned by long-term and renewed leases to renowned convenience and national brands including Domino's, Coronis Real Estate, Sandy's Bar & Grill & Pure Aqua Pool Care
+ Multiple income streams with attractive fixed 2.75% - 4.00% annual rent increases, ensuring rental growth
+ High quality 858sqm* NLA retail centre constructed in 2012 with a generous 52 on-site car spaces, offering depreciation benefits
+ Substantial 2,910sqm* freehold site with seamless integration with the surrounding local community and the Pacific Motorway - a major arterial motorway with over 150,000 vehicles passing daily^
+ Centrally located in the Pacific Pines retail precinct, surrounded by national tenants including McDonald's, Woolworths, BWS & 7-Eleven
+ Favourable 'Mixed Use' zoning allowing for a multitude of future development opportunities (STCA)
+ Prominently positioned in a significant residential growth corridor, with 60,000* residents within a 5km* radius of the centre, highlighting the strength of the trade catchment and tenant security
+ Gold Coast: one of Australia's fastest growing cities, with a population forecast to exceed 1,000,000 residents by 2050 & $16.6 billion in planned future infrastructure projects^^
+ Net Income: $518,866 pa* + GST
For sale via Expressions of Interest
Closing 3:00pm AEST Wednesday 11 September 2024
Please contact the exclusively appointed Burgess Rawson team for further information.
*Approx.
^GapMaps
^^Gold Coast City Council
