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.