“The shopping centre has a complementary tenancy mix of medical, retail and restaurant tenants, including a Subway head office lease,” he said.
“The precinct has an 849sq m* GLA and is on a prominent 2,898sq m* land parcel, presenting investors with a fully leased net income of $236,173 + GST p.a.
“The asset is positioned with direct connectivity to the Caltex service station, providing shared access to 40* car parks and high levels of traffic exposure with 18,500** cars passing daily.
“The Main Trade Area retail expenditure is forecast to experience strong growth of over 4.3 per cent p.a. over the next 13 years, representing an annual spend of $115,100,000 by 3031.***”
Mr Moore said the Point Lookout assets were a terrific opportunity for first-time investors as they are situated in one of Queensland’s most tightly held suburbs.