11 Commercial Drive,
Springfield, QLD 4300
Shops & Retail
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CBRE - Brisbane
Waterfront Place Level 3, 1 Eagle StreetBRISBANE CITY, QLD 4000
07 3833 98...
11 Commercial Drive
Springfield, QLD 4300
Map of 11 Commercial Drive
BRAND NEW LONG WALE INVESTMENT - 100% LEASED TO VIVA LEISURE
- ASX Listed Viva Leisure (ASX:VVA)
- Brand new 7-year triple net lease
- Certain 3.25% p.a income growth
CBRE Retail Investments are pleased to present to market Club Lime, Springfield.
- Brand new 7 year triple net lease, with options extending to 2040, underpinned by ASX listed Viva Leisure (ASX:VVA).
- Strategic 2,347sqm* freehold site positioned in one of Springfield’s major retail precincts alongside Hungry Jacks and opposite the Coles anchored Springfield Fair.
- Well-designed 1,107sqm* single level fitness centre with 21 allocated on-grade car parks, plus an additional 27 on-grade shared car parks.
- Recently constructed in 2023, offering substantial depreciation benefits and a tax-effective income stream.
- Located 22km* south-west of the Brisbane CBD in the heart of Springfield City, Australia’s largest master-planned city, with the population forecast to grow 130% by 2036^.
- Single tenanted investment 100% leased to ASX listed Viva Leisure (ASX:VVA), with a market cap of $126.85** million and operates over 370 facilities nationally.
- Net Income $341,000* per annum + GST.
Club Lime, Springfield is being offered for sale via Expressions of Interest closing Wednesday 22nd November 2023 at 4:00pm (AEST).
For further information on this opportunity, please reach out to the sales and marketing agents.
*Approximate. ^LIQ, 2023. **As at 17 October 2023
- Brand new 7 year triple net lease, with options extending to 2040, underpinned by ASX listed Viva Leisure (ASX:VVA).
- Strategic 2,347sqm* freehold site positioned in one of Springfield’s major retail precincts alongside Hungry Jacks and opposite the Coles anchored Springfield Fair.
- Well-designed 1,107sqm* single level fitness centre with 21 allocated on-grade car parks, plus an additional 27 on-grade shared car parks.
- Recently constructed in 2023, offering substantial depreciation benefits and a tax-effective income stream.
- Located 22km* south-west of the Brisbane CBD in the heart of Springfield City, Australia’s largest master-planned city, with the population forecast to grow 130% by 2036^.
- Single tenanted investment 100% leased to ASX listed Viva Leisure (ASX:VVA), with a market cap of $126.85** million and operates over 370 facilities nationally.
- Net Income $341,000* per annum + GST.
Club Lime, Springfield is being offered for sale via Expressions of Interest closing Wednesday 22nd November 2023 at 4:00pm (AEST).
For further information on this opportunity, please reach out to the sales and marketing agents.
*Approximate. ^LIQ, 2023. **As at 17 October 2023
Springfield, 4300 demographic data
The median household income for Springfield is $2,176, 18% higher than Greater Brisbane's household income of $1,849. Springfield has a younger age profile compared to the rest of Greater Brisbane (median age 32 vs 36). Property ownership data shows 77% of property owners in Springfield have a mortgage.
7,322
Population
$2,176 per week
Median household income
32 years
Median age
Owners
Most residents
Families
Most households
CBRE - BrisbaneWaterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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