29 Peachey Road Ormeau, QLD 4208
0.52ha (1.28 acres)
Ormeau QLD Town Centre Retail shopping centre for sale! 8% Net Return
Yong Commercial is pleased to offer a retail shopping centre for sale at one of the Gold Coast's premier locations - Ormeau Town Centre.
Ormeau Town Centre is located within the Brisbane to Gold Coast corridor, approximately 40km North West from Surfers Paradise and 50 Km South East of the Brisbane CBD. This is a high growth residential corridor which is expected to see over 26% growth within the Main Trade Area reaching close to over 32,000 people by 2026. The centre is situated within a high profile location at the corner of Peachey Road and Vaughan Drive with direct access provided via the M1 Pacific Motorway, which is approximately 500 metres away.
Ormeau Town Centre represents a fantastic retail opportunity located in the heart of this fast-growing neighbourhood of Ormeau.
The Ormeau Precinct includes well-established operators such as Drakes IGA, Dominos, Snap Fitness, Chemist Warehouse, Medical Centres, Post Office, Gold Lotto Newsagency, Child Care Centres, Fitness Centres, Woolworths and other retailers at this high- profile location with direct access to the M1 Pacific Motorway.
Key features include:
- 8% Net return based on fully leased income with 1 year rental Guarantee
- Well established convenience based neighbourhood shopping centre anchored by a 1,846sqm Drake's SUPA IGA
- Diverse tenancy profile of both national & strong performing local retailers, with approx 63%* of income provided by national tenants Drake's, Dominos and Snap Fitness
- Strong income growth with fixed annual rent reviews between 2.50% and 5.00% for all tenants
- Dominant corner site within Ormeau's central retail precinct with direct access to the Pacific Motorway
- Situated in growth catchment with MTA retail spend to grow by 5.69%p.a. to $676.5 million in 2031 ^
- 9 shops ( Can be divided into smaller shops)
- NLA 3076m2, Land size 5170m2
- Access to grease trap
- Centre has great signage opportunities
- Ample onsite customer parking
- Close to public transport and M1 Pacific Motorway
- 3 mins drive to Yatala's industrial hub - Empire Industrial Estate :The largest industrial estate on the Gold Coast.
-(The estate will contribute over a billion dollars to the Gold Coast economy and create thousands of jobs for surrounding areas. Once completed, Empire Industrial Estate will host 550,000sqm of building cover in 10 Staged lots ranging from 2100sqm to 300,000sqm.)
Shop4 72 m2
Shop 5 86m2
Shop 7A 82m2
Shop 7B 58m2
Shop 8 160m2
Shop 11 493m2
Price: Contact agent
Inspection: By appointment
Address:29 Peachey Road Ormeau QLD
Conan Li 0404 617 767 (07 3373 9887)
Peter Huang 0418 888 889 (07 3373 9808)
Tom Zhang 0432 422 388
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Property ID: 503075318Last Updated: 18 Mar 2019