Tenanted Cleveland Retail Complex for Sale

Tenanted Cleveland Retail Complex for Sale

 A fully leased freestanding commercial complex in a major bulky goods retail centre at Cleveland on Brisbane’s bayside is being offered for sale by Ray White Commercial.

The approximately 3,438.5 sqm property at 33 Shore Street West, Cleveland, is being marketed in a Offers to Purchase campaign by Ray White Commercial Bayside’s Nathan Moore and Ray White Commercial Brisbane Trade Coast’s Rhiannon Jones and Jonathon Jones

Nathan Moore said the recently refurbished complex had 10 income producing tenants with a combined net rental income of approximately $676,000 per annum.

“The tenants include Zarraffa’s Drive-thru Coffee, Anytime Fitness and Fightcross Mixed Martial Arts,” he said.

“The complex is also 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.”

Rhiannon Jones said the complex is one of Cleveland’s most attractive bulky good retail centres.

“The complex is built on a land area of approximately 1.09ha and has busy main road exposure to Wellington and Shore Streets. It offers 82 on-site car parks and excellent signage opportunities.”

Jonathon Jones said the centre has brand new air-conditioning throughout, security camera surveillance systems and a newly painted exterior.

Cleveland lies on the cusp of Moreton Bay and is approximately 26km south-east of the Brisbane CBD.

“Cleveland is well serviced by multiple bus, rail and water transport systems,” Mr Jones said.

Offers to Purchase close at 5pm on Friday, April 10, 2015.