HIGH-PERFORMING WOOLWORTHS CENTRE + ADJOINING 1.1HA DA APPROVED SITE

Colliers and CBRE are excited to present to the market Fernvale Village, a 5,824 square metres Woolworths anchored Neighbourhood Shopping Centre which includes a 1.1 hectare* site with an approval for 3,285 square metres of additional retail floor area.

Fernvale Village is located in a growth corridor approximately one hour West of Brisbane, and 20 minutes from Ipswich CBD.

The Centre is the only full-line supermarket within 20 kilometres* and is supported by The Reject Shop and 13 specialty tenants which are predominately food and beverage or health and medical based operators.

Investment Highlights:

• Woolworths anchors the centre on a rare long 20-year lease with a centre WALE of 9.06 years by area or 7.42 years by income.

• High-performing supermarket significantly outperforming industry benchmarks and paying turnover rent

• The only major full-line supermarket in the main trade area servicing an extensive and fast-growing region with extensive surrounding residential development of over 2,134 lots* and projected population growth of 64.4%* by 2041.

• Located on a sizeable 2.93-hectare* allotment with 1.1 hectares* having development approval for a further 3,285 square metres of future centre gross floor area expansion.

• A secure income profile underpinned with 84% of gross lettable area and gross income secured by essential service based operators

• Net income in excess of $1.8million* per annum

This opportunity is being offered for sale by Expressions Of Interest closing 2:00pm Thursday 18 November 2021 (AEST).

Note:
- data.qld.gov.au
- *Approximate
- Information as per provided by the Vendor