Richlands Marketplace, 205 Government Road, Richlands, QLD, 4077

Colliers are excited to present an opportunity to acquire a brand-new 100% fully leased neighbourhood convenience centre in the heart of Richlands, approximately 19 kilometres southwest of Brisbane CBD.

The strategically positioned 1,679m² Neighbourhood Shopping Centre is anchored by national tenants KFC, Hoppy’s Carwash, Café 63, and supported by 8 additional complimentary tenants. Richlands Marketplace offers investors the rare opportunity to acquire a recently constructed Centre offering significant depreciation benefits with future upside via pad site sub-division sell-down (STCA).

Richlands Marketplace features a long WALE of 8.01 years by GLA and 7.89 years by Income underpinned by a secure income profile with 73% of income secured by national or chain tenants. The Centre occupies a dominant corner position on the intersection of Garden Road and Government Road providing significant exposure to 30,000*¹+ cars that pass per day.

Key Investment Highlights Include:

• 73% of the income is secured by national tenants or chain tenants

• Attractive net lease structure with guaranteed annual rental growth with minimum reviews ranging from 3% to CPI + 1%

• Long WALE of 8.01yrs* by GLA and 7.89yrs* by Income

• High profile corner site with 200m of street frontage with 30,000* cars passing per day¹

• Recently constructed in 2023 with significant potential depreciation benefits

• Located in growth corridor with forecasted annual population growth of 3.08% until 2041²

• Immediate upside potential by sub-diving and divesting Pad Sites Individually (STCA)³

Expressions of Interest closing 2.00pm (AEST) on Thursday, 22 August 2024

¹ AADT Segment Report

² Mecone Mosaic

³ Subject To Council Approval

*approx.

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