398 Tarragindi Road,
Moorooka, QLD 4105
Key property information
Map of 398 Tarragindi Road
Fully Leased Metropolitan Retail Centre
- 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.
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Property ID: 503789474Last Updated: 12 May 2021