51 McGinn Road Ferny Grove QLD 4055

4,449 sqm* neighbourhood centre anchored by a 2,359m2* Coles supermarket nearing turnover threshold
Diverse income profile with a strategic mix of medical, health and food & beverage retailers
National tenants include Domino's, Jetts Fitness, BWS, Healthsave Pharmacy & Maven Dental
Prime 9,098 sqm* corner location prominently positioned between Ferny Grove Primary (850 students*) and High School (1,800 students*)
Burgeoning population growth with over 1,200 new homes currently under construction within the primary trade, driving population growth projections of 23.6% by 2031
Main Trade Area retail spending is currently estimated at $583.9 million* and is projected to increase to $923.1 million by 2031, representing a strong average growth rate of 5.8% p.a.*
Excellent tenant retention history within the centre along with certain income growth between 3% & 4% p.a
Affluent, family-based retail catchment with a strong affinity for convenience-based food and grocery facilities with an average household income of $104,364 p.a. 43% higher than the Queensland average
Future value-add development opportunities available (STCA)
Fully Leased Net Income: $1,130,978 p.a*
*Approx.

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING 29TH APRIL 2021 4:00PM (AEST)