406 Southport-Nerang Road Ashmore QLD 4214

CBRE QLD Retail Investments team are pleased to present the unique opportunity to purchase Ashmore Pitstop - a rarely offered Gold Coast convenience centre.

Investment highlights for the opportunity:
1,130sqm convenience centre with a diverse mix of high profile, food & beverage and service-based retailers including Zambrero, Subway & BWS.
Excellent history of tenant retention with majority of tenants having been in occupation for over 15 years demonstrating the demand for these retailers in the catchment.
The centre offers potential for value-add opportunities via an active management approach with rent reversions and opportunity to increase WALE.
Strategically designed to provide customers with absolute convenience at the forefront with direct access and ample car-parking provisions of 54 car parks.
The centre offers a commanding position along Southport-Nerang Road on a 3,547ssqm site that offers 107m of frontage and dominant exposure to over 250,000 cars weekly*
Ashmore offers a relatively large, affluent household composition with strong future population growth in Southport/ Nerang with an above average yoy growth of 2.7%.
Fully Leased Net Income: $703,127 p.a.*

For sale by expression of interests closing Thursday 31st March 2022 at 4:00pm (AEST).

Please contact exclusive CBRE agents for further information.