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45-69 Dawson Highway Gladstone Central, QLD 4680

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45-69 Dawson Highway Gladstone Central, QLD 4680

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Sold Price

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Land area

1.89ha (4.67 acres)

Floor area

12579.0m²

Car spaces

366

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

11 Mar 2019

ADD SIGNIFICANT VALUE / RECEIVE HIGH INITIAL RETURNS

  • Mortgagee Sale
  • Strong National Tenancy Profile
  • Only Cinemas in Gladstone
Gladstone Central
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

45-69 Dawson Highway
Gladstone Central, QLD 4680

Agency contacts

CBRE - Brisbane

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CBRE - Brisbane

Waterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
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Send to:

Darren Collins
CBRE - Brisbane
45-69 Dawson Highway Gladstone Central, QLD 4680

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

Kind Regards,

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