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SOLD

86 Poinciana Avenue, Tewantin, QLD, 4565

Properties / Sold / Queensland / Tewantin

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

Closing Thursday 15th June 2023 at 4:00pm (AEST)

Land Area

6,207 m² (*approx)

Property Type

Retail

Sub-type

Shopping Centre

Est. Income

$960,000 p/a

Car Spaces

150

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2. Property Highlights

HIGH PERFORMING NOOSA WOOLWORTHS SUPERMARKET

Woolworths & 9 retail tenants
7km west of Noosa Heads
Woolworths paying percentage rent

CBRE are proud to present to market Poinciana Place Shopping Centre, an established 3,104 sqm* neighbourhood shopping centre in the heart of Tewantin, anchored by a strong performing Woolworths supermarket.

• 2,400sqm* high performing Woolworths supermarket currently exceeding turnover thresholds, paying percentage rent.

• Fully leased tenant profile comprising a Woolworths supermarket and further supported by 9 specialty tenants including medical, general retail and food and beverage based specialties.

• Major & national retailers including Woolworths, BWS and Bombay Bliss representing 91% of tenanted GLA and 83% of total gross passing income.

• Strategically positioned along the bustling Poinciana Avenue “High Street”, only 7km* west of the world class commercial and tourism hub of Noosa Heads.

• 150 on-grade and basement car bays accessible via both front and rear streets.

• 6,207sqm* land rich, high street asset below the cost of replacement with limited threat of competition.

• Full leased net income of $960,000 p.a.*

For sale via expressions of interest closing Thursday 15th June 2023 at 4:00pm (AEST).

For further information on this unique opportunity please contact the exclusive sales and marketing agents.

Remember to mention you found this property on CommercialReady