27 Illaweena Street Drewvale QLD 4116

Burgess Rawson as a part of Portfolio Select are pleased to offer the ALDI Shopping Centre located at 27 Illaweena Street, Drewvale (Brisbane) QLD 4116, for sale via Expressions of Interest closing Wednesday 21 May 2025 at 3pm AEST.

The property has the following investment highlights:

+ Anchored by a ten (10) year lease to ALDI plus options to 2042
+ ALDI: global supermarket powerhouse with 12,000+ stores globally and recognised as Australia's #1 rated supermarket for seven consecutive years
+ 100% occupancy neighbourhood shopping centre with a complementary mixed of supermarket, medical, real estate, lifestyle and food/beverage operators
+ Significant 8,648sqm* freehold site located on the corner of busy Mt Lindesay Highway & Illaweena Street, providing exposure to 40,000 vehicles passing daily*
+ Impressive shopping centre constructed in 2017, providing significant tax depreciation benefits
+ Modern 2,286sqm* NLA shopping centre anchored by ALDI plus 6 speciality retailers
+ Stable cash flow with 86.4% of income underpinned by supermarket and medical tenants
+ Favourable rental upside with 100% of tenants on fixed 3% increases or CPI annual reviews
+ Value-add potential with only 26% site coverage and 135 on-site car parks allowing for future upside (STCA)
+ Strategically located within 750 metres* of Stretton State and Calamvale Community College, combining to support 5,970 students*
+ Prominently positioned within a significant residential growth corridor with 100,897 residents* located within the trade catchment, ensuring the strong trade of the tenants
+ Drewvale: booming metropolitan Brisbane growth corridor located 17km* south of the CBD
+ Net Income: $724,443 pa* + GST

For Sale via Expressions of Interest
Closing 3pm (AEST) Wednesday 21 May 2025

Please contact the exclusively appointed Burgess Rawson team for more information.