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Retail in Deception Bay
Shopping Centre With Strong Upside
- Building: 1,098m²
- Land: 5,083m²
Significant upside available with this IGA anchored shopping centre in a growth corridor.
There is new energy in the centre with the opening of IGA North Rise.
Current situation:
- Net rent $221,390 P/A (approx 6% return)
- IGA anchored (with lease to 2026 plus 3x5 options)
- 9 tenancies with 3 vacancies which could increase net income by around $100,000 P/A with the right strategy resulting in a yield closer to 8.5%
The cafe/restaurant space is ripe for renovation and comes with dedicated outdoor space which (if beautified) could attract a strong food tenant. The vacant shops could be readily leased with the right incentives.
Deception Bay is in Brisbane's northern growth corridor. Moreton Bay has a thriving population nearing 450,000 people around 35km* from Brisbane CBD. With a new train line nearby and good transport links with the nearby Bruce Highway, D'Agular Highway and the Caboolture and Redcliffe railway lines.
We would be keen to discuss with you how you can do very well with this interesting retail investment.
1,098m²
5,083m² / 1.26 acres
Shopping Group
Investment Information
Partially Tenanted
N/A (Marketed Without Price)
N/A (Marketed Without Price)
9
* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease
All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply
