Horizon @ Wellington Point for Sale
One of the most significant retail assets on Brisbane’s bayside, the Horizon @ Wellington Point Shopping Centre, is being offered for sale by Ray White Commercial in conjunction with Jones Lang LaSalle (JLL).
The major investment opportunity at 685 Old Cleveland Road East, Wellington Point, is being marketed via Expressions of Interest by Ray White Commercial Bayside. Director Nathan Moore and JLL Retail Investment QLD’s Jacob Swan and Campbell Bowers.
Nathan Moore said the fully tenanted shopping centre, which opened in December, 2010, is anchored by an IGA Supermarket and 19 other retail and medical tenancies.
“Horizon @ Wellington Point is a highly successful retail/medical complex which currently has 100 per cent occupancy,” he said.
“The shopping centre returns nett rental income of approximately $1.25 million per annum and represents a tremendous strategic investment opportunity.”
Mr Swan said Horizon @ Wellington Point is situated on a land area of approximately 6,099 sqm with a local centre zoning from Redland City Council.
“This modern, architecturally designed retail asset is surrounded by high quality residential development in an emerging growth centre of South East Queensland,” he said.
“There is approximately 2,616 sqm of nett lettable area in three buildings and prominent signage opportunities.”
Mr Bowers said: “The complex has two street access and there are approximately 150 car spaces in the ground level and basement car parks.”
Expressions of Interest close on Thursday, November 24, 2016.
Effective property management isn’t just about collecting rent – it’s about safeguarding and maximising the value of your commercial asset. Yet, poor property management can have serious financial repercussions, often in ways investors don’t immediately see. From high tenant turnover to unclaimed outgoings and compliance risks, mismanagement can erode profitability … Read more
Australia is witnessing an unprecedented surge in data centre interest. An uptick in transaction activity and a strong new development pipeline will see investment projected to continue to outperform traditional commercial asset classes. This remarkable growth is reshaping the country’s digital infrastructure landscape and positioning Australia as a leading hub … Read more