Asking Price Contact for pricing
Sq. Footage 33,110
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built N/A
Lot Size 5,170 ACRES

Property Description

Ormeau Town Center for sale, at 29 Peachey Road. It is a well-established convenience based neighborhood shopping center anchored by a 1,846 sqm Drake’s SUPA IGA.

Investment Highlights

·        Diverse tenancy profile of both national & strong performing local retailers, with 62%* of income provided by national tenants Drake’s, Domino's and Snap Fitness

·        Strong income growth with fixed annual rent reviews between 2.50% and 5.00% for all tenants

·        Dominant corner site within Ormeau’s central retail precinct with direct access to the Pacific Motorway

·        Situated in growth catchment with MTA retail spend to grow by 5.69%p.a. to $676.5 million in 2031 ^ 

·        Estimated fully leased net income of $1,188,961 p.a.* as on December 31, 2018


*approximate

 ^ Source: Location IQ

Campbell Bowers
Executive
Jacob Swan
Jacob Swan
Director, Retail Investments - QLD

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.