35 Oak Street,
Andergrove, QLD 4740
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CBRE - Brisbane
Waterfront Place Level 3, 1 Eagle StreetBRISBANE CITY, QLD 4000
35 Oak Street
Andergrove, QLD 4740
Map of 35 Oak Street
Bus stops within 5 km of 35 Oak Street, Andergrove, QLD 4740 Distance Oak St at Andrew Court 134 m Maple Dr at Amanda Drive 456 m Bedford Rd at Grace Deguara Drive 512 m Bedford Rd Near John Ct 566 m Bedford Rd at Eaglemount Road 739 m POWERED BY HERE ©
POWERED BY HERE ©
ANDERGROVE VILLAGE - NEAR NEW COLES ANCHORED NEIGHBOURHOOD SHOPPING CENTRE
- Near new Coles anchored shopping centre
- Income security via a 8.9 year WALE
- 85% MTA retail expenditure increase
CBRE is pleased to present to market Andergrove Village - a recently constructed Coles anchored neighbourhood shopping centre, located 5km* north of Mackay.
- 4,870sqm neighbourhood centre securely underpinned by a high performing full-line Coles Supermarket (10 year net lease) and further supported by 10 specialties including Liquorland, Subway, Burger Urge, Pharmacy.
- Excellent income security via a 8.9 year WALE (by income), and income growth guaranteed with 8 out of 9 tenants bound by 3.00% rental increases.
- Purpose built by Coles in 2021, Coles is a top performing supermarket in the Main Trade Area, trading above Urbis benchmarks
- High profile 24,370sqm* allotment offering 245 on-grade car parks, with direct frontage to Oak Street, the main road that connects Andergrove to the wider catchment.
- 4,800sqm* of developable land with the potential for multiple developable uses, including childcare, fast, fast food, car wash (STCA).
- Main Trade Area (MTA) retail expenditure forecast to increase 35% to $902.5bn between 2023 and 2041
- Main Trade Area (MTA) population is forecast to increase 21% increase between 2023 and 2041^.
- Fully Leased Net Income: $1,760,000 per annum + GST.
Andergrove Village is For Sale via Expression of Interest closing Wednesday 24th April 2024 at 4:00pm (AEST).
- 4,870sqm neighbourhood centre securely underpinned by a high performing full-line Coles Supermarket (10 year net lease) and further supported by 10 specialties including Liquorland, Subway, Burger Urge, Pharmacy.
- Excellent income security via a 8.9 year WALE (by income), and income growth guaranteed with 8 out of 9 tenants bound by 3.00% rental increases.
- Purpose built by Coles in 2021, Coles is a top performing supermarket in the Main Trade Area, trading above Urbis benchmarks
- High profile 24,370sqm* allotment offering 245 on-grade car parks, with direct frontage to Oak Street, the main road that connects Andergrove to the wider catchment.
- 4,800sqm* of developable land with the potential for multiple developable uses, including childcare, fast, fast food, car wash (STCA).
- Main Trade Area (MTA) retail expenditure forecast to increase 35% to $902.5bn between 2023 and 2041
- Main Trade Area (MTA) population is forecast to increase 21% increase between 2023 and 2041^.
- Fully Leased Net Income: $1,760,000 per annum + GST.
Andergrove Village is For Sale via Expression of Interest closing Wednesday 24th April 2024 at 4:00pm (AEST).
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Property ID: 504548780Last Updated: 16 Apr 2024
CBRE - BrisbaneWaterfront Place Level 3, 1 Eagle Street
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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