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CBRE - Brisbane

458 Olsen Avenue Molendinar, QLD 4214

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458 Olsen Avenue,
Molendinar, QLD 4214

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CBRE - Brisbane
Michael Hedger
Joe Tynan

CBRE - Brisbane

Waterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
CBRE - Brisbane
458 Olsen Avenue
Molendinar, QLD 4214

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CRESTWOOD PLAZA – DOMINANT NEIGHBOURGHOOD SHOPPING CENTRE

  • 70% secured by national tenants
  • High income growth - 3-5% increases
  • Net Income: $1,921,549 pa*
70% SECURED BY HIGH PROFILE NATIONAL TENANTS

• Modern, well established shopping centre anchored by a strong trading SUPA IGA, complimented by 24 specialities with a high weighting towards f & b and medical tenants
• Diverse mix of retailers including Domino’s, Baskin Robbins, BWS, Burger Urge, Noodle Box and Unibet
• Strategically located less then 3km from the Griffith University, University Hospital, the Commonwealth Games Village and 1,200 new dwellings which are currently under construction.
• Expansive 12,200sqm* corner location with a dominant 240m* frontage to Olsen Avenue
• Significant retail spending within primary trade area of $168.2m set to see 5.6% annual growth
• High income growth with majority of the specialty tenants between 3% and 5% fixed annual increases.
• Net Income: 1,921,459 pa* (fully leased)

For Sale via Offers to Purchase. Please contact the agents for further information.

Property ID: 502573838Last Updated: 23 Nov 2022

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