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29 Peachey Road Ormeau, QLD 4208

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For Sale - Sale by Negotiation

29 Peachey Road Ormeau, QLD 4208

Shop & Retail • Medical & Consulting • Offices
Sale Price

Contact Agent

Land area

0.52ha (1.28 acres)

Floor area

3076.0m²

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.)

9 Shops:

Shop1 1846m2

Shop3 138m2

Shop4 72 m2

Shop 5 86m2

Shop6 141m2

Shop 7A 82m2

Shop 7B 58m2

Shop 8 160m2

Shop 11 493m2

Price: Contact agent

Inspection: By appointment

Address:29 Peachey Road Ormeau QLD

Contact:

Conan Li 0404 617 767 (07 3373 9887)

Email: conan.li@yong.com.au

Peter Huang 0418 888 889 (07 3373 9808)

Email:peter.huang@yong.com.au

Tom Zhang 0432 422 388

Email: tom.zhang@yong.com.au

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.

Additional information

External websites

Property ID: 503075318Last Updated: 18 Mar 2019

Yong - Real Estate
29 Peachey Road
Ormeau, QLD 4208
Peter Huang
Tom Zhang
Conan Li

Yong - Real Estate

Suite 18, 223 Calam Road
SUNNYBANK HILLS, QLD 4109

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Yong - Real Estate

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Yong - Real Estate

Suite 18, 223 Calam Road
SUNNYBANK HILLS, QLD 4109
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Peter Huang

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Peter Huang
Yong - Real Estate
29 Peachey Road Ormeau, QLD 4208

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

Kind Regards,

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