Richlands Marketplace 205 Government Road,
Richlands, QLD 4077
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Colliers - Brisbane
Level 5, 1 Eagle StreetBRISBANE CITY, QLD 4000
Richlands Marketplace 205 Government Road
Richlands, QLD 4077
Map of Richlands Marketplace 205 Government Road
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.
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.
Richlands, 4077 demographic data
5,621
Population
$1,709 per week
Median household income
28 years
Median age
Renters
Most residents
Families
Most households
Colliers - BrisbaneLevel 5, 1 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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