Property Details

Deception Bay, QLD

Purchased

Off Market

Purchase Price

$4,150,000

Fully Leased Net Yield

6.2%

Asset Class

Retail Shopping Village

Property Details

Costi Cohen has secured this convenience retail centre on behalf of a repeat client, continuing the strategic expansion of their portfolio into high-quality, income-producing assets.

Positioned on a 5,083sqm freehold corner site, the asset offers immediate value-add potential through a targeted leasing strategy. Comprising a supermarket, medical centre, bakery and complementary retail and service tenancies, the centre is underpinned by non-discretionary income with future development upside.

Located within the Moreton Bay region, the property services a rapidly expanding residential and working population, with the corridor forecast to nearly double by 2046.

Established, non-discretionary retail centres of this calibre within growth markets are tightly held and rarely available off market.

Commercial Property Investment Guide

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