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Richlands Marketplace 205 Government Road
Richlands QLD 4077
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Richlands Marketplace 205 Government Road Richlands QLD 4077

  • Shop & Retail
  • 1,679 m²
  • For Sale, Please contact agent

Brand-New 100% Fully Leased Metro Brisbane Convenience Centre

  • 100% Occupancy
  • Long WALE of 8.01 years by GLA
  • Minimum annual reviews from 3% CPI + 1%

Colliers are excited to present an opportunity to acquire a brand-new 100% fully leased neighbourhood convenience centre in the heart of Richlands, approximately 19 kilometres southwest of Brisbane CBD.

The strategically positioned 1,679m² Neighbourhood Shopping Centre is anchored by national tenants KFC, Hoppy's Carwash, Café 63, and supported by 8 additional complimentary tenants. Richlands Marketplace offers investors the rare opportunity to acquire a recently constructed Centre offering significant depreciation benefits with future upside via pad site sub-division sell-down (STCA).

Richlands Marketplace features a long WALE of 8.01 years by GLA and 7.89 years by Income underpinned by a secure income profile with 73% of income secured by national or chain tenants. The Centre occupies a dominant corner position on the intersection of Garden Road and Government Road providing significant exposure to 30,000*¹+ cars that pass per day.

Key Investment Highlights Include:
• 73% of the income is secured by national tenants or chain tenants
• Attractive net lease structure with guaranteed annual rental growth with minimum reviews ranging from 3% to CPI + 1%
• Long WALE of 8.01yrs* by GLA and 7.89yrs* by Income
• High profile corner site with 200m of street frontage with 30,000* cars passing per day¹
• Recently constructed in 2023 with significant potential depreciation benefits
• Located in growth corridor with forecasted annual population growth of 3.08% until 2041²
• Immediate upside potential by sub-diving and divesting Pad Sites Individually (STCA)³

For Sale via Private Treaty.

¹ AADT Segment Report
² Mecone Mosaic
³ Subject To Council Approval
*approx.

Colliers International Brisbane
Colliers International Brisbane
Level 30 111 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Floor Area1,679 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2019379676
Category
Last updated  31 Oct 2024
Map for Richlands Marketplace 205 Government Road Richlands QLD 4077
Colliers International Brisbane
Colliers International Brisbane
Level 30 111 Eagle Street
Brisbane City, QLD 4000

Property Highlights

Floor Area1,679 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Property ID2019379676
Category
Last updated  31 Oct 2024

Co-Agents

Harry Dever
Colliers International Brisbane
Call
0421170033
James Wilson
Colliers International Brisbane
Call
+61 402 079 304

More about Richlands Marketplace 205 Government Road Richlands QLD 4077

Richlands Marketplace 205 Government Road Richlands QLD 4077 is categorized as Shop & Retail Property. It has a floor area of 1,679 m². The listing ID for this property is 2019379676.

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