Address available on request,
Underwood, QLD 4119

Underwood Marketplace, Queensland

• Recently developed sub regional shopping centre comprising a Big W discount department store, strongly trading Woolworths supermarket, 47 specialty tenancies, 8 kiosks, 2 ATMs & 2 other tenancies, including Woolworths Petrol Plus, with a total GLA of 13,930sqm (approx.)

• Securely leased with long term covenants to anchor tenants Big W & Woolworths (initial expiry 2027 with 8x5 year options), comprising 69% (approx.) of the total GLA

• Attractive in-built income growth, with the majority of specialty leases featuring annual reviews of 4% (approx.)

• Exceptional convenience based offer located just 17km (approx.) south-east of the Brisbane CBD within a significant & growing catchment estimated at 103,090 persons in 2008, & forecast to increase by 1.31% p.a. reaching 120,665 in 2021 (Source: Pitney Bowes Business Insight)

• Prominent 4.08ha (approx.) corner site, with convenient & easily accessible at-grade & basement parking for 861 (approx.) cars

• Potential for future expansion (subject to council approval)

• Lot 7 on Registered Plan 157306, title reference 15736049

• Fully leased net income - $4,646,000 p.a. (approx.)

For further information please contact:

Simon Rooney
Jones Lang LaSalle
Phone: (02) 9220 8497
Mobile: 0418 284 680
Email: simon.rooney@ap.jll.com

Jacob Swan
Jones Lang LaSalle
Phone: (07) 3231 1340
Mobile: 0402 704 8...
Email: jacob.swan@ap.jll.com

Dan McVay
McVay Real Estate
Phone: (07) 3358 4222
Mobile: 0412 872 859
Email: dan@mcvayre.com.au