CLEVELAND RETAIL COMPLEX SOLD FOR $4 MILLION
A commercial complex with new tenants in place in a major bulky goods retail centre at Cleveland on Brisbane’s bayside has been sold by Ray White Commercial for $4 million.
The 3,394 sqm property at 33 Shore Street West, Cleveland, was sold in an off-market sale to a local investor by Ray White Commercial Bayside Directors Nathan Moore and Michael Keddy on behalf of Fumio Developments Pty Ltd.
Nathan Moore said the site was sold as a vacant possession but with new tenants signed up including Zarraffa’s Drive-Through Coffee and Anytime Fitness.
“This is one of Cleveland’s most attractive bulky good retail centres,” he said.
“The complex is built on a land area of approximately 1.08ha and has busy main road exposure to Wellington and Shore Streets. It offers 82 on-site car parks and excellent signage opportunities.”
Michael Keddy said the complex is located in close proximity to a variety of national outlets including Mitre 10, Supercheap Auto, Repco, Harvey Norman, IGA, Goodlife Health Clubs, McDonalds, KFC and Caltex.
“The eight tenancies in this complex are all air-conditioned throughout and each has access to rear roller doors,” he said.
“The largest of the tenancies at the southern end of the complex is approximately 1,954 sqm and can be divided into smaller tenancies. It offers a rear loading dock with dual roller doors.”