45-69 Dawson Highway Gladstone Central, QLD 4680
1.89ha (4.67 acres)
11 Mar 2019
ADD SIGNIFICANT VALUE / RECEIVE HIGH INITIAL RETURNS
- Mortgagee Sale
- Strong National Tenancy Profile
- Only Cinemas in Gladstone
Spotlight/Cinema & NightOwl Centres
Gladstone Central comprises both the Spotlight Centre & NightOwl Centre, presenting an appealing counter-cyclical opportunity to acquire the asset from Mortgagee in Possession.
Key investment attributes include:
+ MORTGAGEE IN POSSESSION SALE — Gladstone Central is the opportunity of 2018 to acquire a centre well-below replacement cost in a counter cyclical market.
+ Ideal Central location, opposite Gladstone’s largest school and adjacent to the Gladstone Hospital & Mater Misericordiae Hospital.
+ Strong national tenancy profile with most retailers the only representation in the Gladstone region. Gladstone Cinema is the only cinema operator within the region
+ Local Economy to benefit from resource, energy, construction, transport, tourism and government projects
+ Enormous 355m* frontage to Dawson Highway
+ Secure Passing Income: $2,379,629*
+ Potential Fully Leased Income: $3,008,404
For Sale by Expressions of Interest closing Thursday 14th November at 4pm (AEDT)
For Sale in One Line
Under the Instruction from Chris MacDonnell of Restructuring Solutions as Agent for Mortgagee in Possession.
Property ID: 502988750Last Updated: 5 Apr 2019