29-39 High Street Russell Island QLD 4184

Ray White Commercial QLD in conjunction with Colliers are pleased to present Russell Island Shopping Centre to the market for sale at $7,500,000

29-39 High Street, Russell Island QLD 4184 presents an opportunity to purchase a multi-tenanted freehold neighbourhood centre located within the Redland Bay District.

The asset is 100% occupied by tenants such as; IGA Supermarket [guaranteed by Metcash - ASX Listed] (75.6%), Australia Post (4.5%), Pharmacy (4.6%), Mediterranean Restaurant (5.4%), Kebab Shop (3.3%), Hairdresser (1.9%) and a Bakery (4.7%) which consumes 1,943.7m2 of net lettable area. The neighbourhood centre generates an annual net income of approximately $589,833 net p.a. The asset is secured by a W.A.L.E of 7.3 Years by way of income.