Attributes
Year Built | 2017 |
Building Area Gross |
|
Land Area Gross |
|
Occupancy | 96.0 % |
Asset Description
JLL is privileged to present the extraordinary opportunity to purchase Coorparoo Square, an iconic retail asset underpinned by exceptional investment fundamentals in Brisbane’s prestigious inner east.
Coorparoo Square is being offered for sale by an Expressions of Interest process closing at 12.00pm (AEST) Tuesday, 5th July 2022.
Investment Highlights
Investment Highlights
Absolute Income Security
96% occupied, with a fully leased net income of $3.9 million and a highly attractive 6-year WALE^^
Convenience Retail
66% of income underpinned by ALDI, service retail and Brisbane’s most sought after food & beverage operators^^
A High Performing Centre
Low average specialty occupancy cost of 12.13% provides for significant future income growth^^
Prestigious Location
Located 4.5 km* from the Brisbane CBD, servicing a total trade area of 521,940**
Recognised Award Winner
Recently constructed in 2017 and awarded the Liberty Award for Best Mixed-Use Development***
A Quality Built Centre
Developed and managed by international renowned Frasers Property Australia
Resetting Sustainability
One of Australia’s most sustainable shopping centres, achieving a 5-star NABERS Energy rating
Positioned for Growth
Set to capitalise on over 5,400 units planned for development within its total trade area**
^By income
^^Estimated as at October 2021
*Approximately
**LocationIQ Report – May 22
***2019 Property Council and Rider Levett Bucknall Innovation & Excellence Awards
To obtain further information or to arrange an inspection, please contact the exclusive selling agents at JLL.
Sam Hatcher
0409 899 691
Jacob Swan
0402 704 896
Nick Willis
0409 595 803
MingXuan Li
0498 688 998