Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2017
Building Area Gross
Land Area Gross ()
Occupancy 96.0 %

Asset Description

JLL is privileged to present the extraordinary opportunity to purchase Coorparoo Square, an iconic retail asset underpinned by exceptional investment fundamentals in Brisbane’s prestigious inner east.

 

Coorparoo Square is being offered for sale by an Expressions of Interest process closing at 12.00pm (AEST) Tuesday, 5th July 2022.

Investment Highlights

Investment Highlights

 

Absolute Income Security

96% occupied, with a fully leased net income of $3.9 million and a highly attractive 6-year WALE^^

 

Convenience Retail

66% of income underpinned by ALDI, service retail and Brisbane’s most sought after food & beverage operators^^

 

A High Performing Centre

Low average specialty occupancy cost of 12.13% provides for significant future income growth^^

 

Prestigious Location

Located 4.5 km* from the Brisbane CBD, servicing a total trade area of 521,940**

 

Recognised Award Winner

Recently constructed in 2017 and awarded the Liberty Award for Best Mixed-Use Development***

 

A Quality Built Centre

Developed and managed by international renowned Frasers Property Australia

 

Resetting Sustainability

One of Australia’s most sustainable shopping centres, achieving a 5-star NABERS Energy rating

 

Positioned for Growth

Set to capitalise on over 5,400 units planned for development within its total trade area**

 

^By income

^^Estimated as at October 2021

*Approximately

**LocationIQ Report – May 22

***2019 Property Council and Rider Levett Bucknall Innovation & Excellence Awards

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents at JLL.

 

Sam Hatcher

0409 899 691

 

Jacob Swan

0402 704 896

 

Nick Willis

0409 595 803

 

MingXuan Li

0498 688 998

Last Updated Date: 07 Jun 2022

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Last Updated Date: 07 Jun 2022

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