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Ray White Commercial TradeCoast - Murarrie

398 Tarragindi Road Moorooka, QLD 4105

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398 Tarragindi Road,
Moorooka, QLD 4105

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Ray White Commercial TradeCoast - Murarrie
398 Tarragindi Road
Moorooka, QLD 4105
Ray White Commercial TradeCoast - Murarrie

Ray White Commercial TradeCoast - Murarrie

Suite 3/28 Metroplex Avenue
MURARRIE, QLD 4172

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Fully Leased Metropolitan Retail Centre

Ray White Commercial Tradecoast & Ray White Commercial QLD are pleased to present to the market 398 Tarragindi Road, Moorooka QLD for sale by way of Auction. The auction will be conducted on Friday 23rd April 2021, 10.15am (AEST) at Level 26, 111 Eagle Street, Brisbane City QLD.

Investment Highlights:

- Offered to the market for the first time in over 20 years this centre offers a complimentary mix of 9 national and local operators.

- The asset has a WALE of 2.45* and has a strong tenant retention history with multiple tenancies leased (without any vacancy period) for over 20 years.

- Guaranteed income growth with majority of tenants on 3.5% or 4% annual increases.

- With an expansive 3,145sqm* site zoned Neighbourhood Centre, there is the opportunity to redevelop the centre up to 3 storeys (code assessable STCA).

- Potential options to investigate could include adding additional levels for uses such as, childcare, residential, retail or medical.

- 697sqm* building area with 31 dedicated car parks.

- Favourable demographics with household income levels 36% above the QLD average^.

- Net income of $336,747* + GST pa.




* Approximately
^ LocationIQ

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Property ID: 503789474Last Updated: 12 May 2021

Agency contacts

Ray White Commercial TradeCoast - Murarrie
Suite 3/28 Metroplex Avenue
MURARRIE, QLD 4172
View agency profile
Ray White Commercial - Queensland
Level 26, 111 Eagle Street
BRISBANE CITY, QLD 4000
View agency profile
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Jonathon Jones

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Jonathon Jones
Ray White Commercial TradeCoast - Murarrie
398 Tarragindi Road Moorooka, QLD 4105

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

Kind Regards,

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  • Jonathon Jones

    Jonathon Jones

    Ray White Commercial TradeCoast - Murarrie
    0439 *** ***
  • Lachlan O'Keeffe

    Lachlan O'Keeffe

    Ray White Commercial - Queensland
    0413 *** ***
  • Michael Feltoe

    Michael Feltoe

    Ray White Commercial - Queensland
    0447 *** ***