Address available on request,
Pacific Paradise, QLD 4564
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Floor area
Car spaces
Property extent
Tenure type
Sold on
Map
Exceptional Neighborhood Investment Opportunity
• Strong performing neighbourhood shopping centre providing excellent income security with Coles representing 63% of GLA, on a long lease with a WALE of 9.9 years
• Exceptional performing Coles supermarket with MAT almost double the Urbis ‘Single Supermarket’ benchmark
• Significant non-discretionary representing 86% of total centre MAT
• Thriving tourism market with North Shore Village benefitting from strong local tourist visitation as well as outstanding exposure to passing traffic travelling to and from the Sunshine Coast Airport on David Low Way, approximately 600 metres to the north*
• Strong TTA population growth of 1.5% p.a., the TTA expected to reach 25,150 by 2027, growing above the non-metro QLD benchmark of 1.3% p.a.*
• Major TTA retail expenditure of $284.0m, expected to reach $409.0m by 2027, representing strong forecast growth of 3.7% p.a.*
• Significant food retail and catering expenditure within the TTA accounting for 57% of total retail expenditure and growing at 4.2% p.a. and 5.5% p.a. respectively, key markets for Coles and other food retail tenants at the centre*
North Shore Village forms part of the Major Australian Shopping Centre Portfolio, comprising 14 high-quality, sub-regional and neighbourhood shopping centre investments
For sale in one line or individually by EOI closing Thursday 23 August at 12 noon (AEST)
All figures above are approximate only
*Urbis, June 2018
• Exceptional performing Coles supermarket with MAT almost double the Urbis ‘Single Supermarket’ benchmark
• Significant non-discretionary representing 86% of total centre MAT
• Thriving tourism market with North Shore Village benefitting from strong local tourist visitation as well as outstanding exposure to passing traffic travelling to and from the Sunshine Coast Airport on David Low Way, approximately 600 metres to the north*
• Strong TTA population growth of 1.5% p.a., the TTA expected to reach 25,150 by 2027, growing above the non-metro QLD benchmark of 1.3% p.a.*
• Major TTA retail expenditure of $284.0m, expected to reach $409.0m by 2027, representing strong forecast growth of 3.7% p.a.*
• Significant food retail and catering expenditure within the TTA accounting for 57% of total retail expenditure and growing at 4.2% p.a. and 5.5% p.a. respectively, key markets for Coles and other food retail tenants at the centre*
North Shore Village forms part of the Major Australian Shopping Centre Portfolio, comprising 14 high-quality, sub-regional and neighbourhood shopping centre investments
For sale in one line or individually by EOI closing Thursday 23 August at 12 noon (AEST)
All figures above are approximate only
*Urbis, June 2018
Property ID: 502873406Last Updated: 16 Oct 2018
02 9220 85...
Address available on request
Pacific Paradise, QLD 4564
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Contact Agency