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228 & 242 Hawken Drive St Lucia, QLD 4067

228 & 242 Hawken Drive
St Lucia, QLD 4067

Shop & Retail

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Sale - Expression of Interest

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PRESTIGIOUS BRISBANE RETAIL INVESTMENT – ‘ST LUCIA MARKETPLACE’

  • 1,960sqm Convenience Centre
  • 6.17* year WALE
  • Fully Leased Net Income: $830,541* pa
CBRE Queensland Retail Investments are pleased to present to the market a rare opportunity to acquire one of Queensland’s most prestigious inner-city trophy retail assets, 'St Lucia Marketplace'. The centre is located approximately 4km south-west of the Brisbane CBD, in one of Brisbane’s top 10 most affluent suburbs.

- Newly refurbished 1,960sqm convenience centre anchored by 15 year lease to one of IGA’s most successful operators occupying over 56% of the GFA
- St Lucia’s only shopping centre providing for an affluent catchment with over 13,500 residents and 61,600 student enrolments and staff at The University of Queensland less then 500m away
- An irreplaceable investment strategically located in one of Brisbane’s Top 10 Suburbs
- Dominant 3,033sqm high street site with an 85m* frontage to Hawken Drive
- Certain, high income growth with 86% of the leases containing 3% - 4% annual rental reviews
- Investment Security underpinned via a 6.17* year WALE
- Fully Leased Net Income: $830,541* pa

ST LUCIA MARKETPLACE IS OFFERED FOR SALE BY EXPRESSIONS OF INTEREST CLOSING 4.00PM THURSDAY 24TH OCTOBER 2019 (AEST).

A copy of the Information Memorandum and Due Diligence package is available upon request from the exclusively appointed CBRE agents.

*approx.

Property ID: 503336290Last Updated: 18 Dec 2019

228 & 242 Hawken Drive
St Lucia, QLD 4067

Agency contacts

CBRE - Brisbane
CBRE - Brisbane
Waterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
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Joe Tynan
CBRE - Brisbane
228 & 242 Hawken Drive St Lucia, QLD 4067

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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