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  • Sold
Retail Therapy - Regional Shopping Centre Investment - #1
Retail Therapy - Regional Shopping Centre Investment - #2
Retail Therapy - Regional Shopping Centre Investment - #3
Retail Therapy - Regional Shopping Centre Investment - #4
Retail Therapy - Regional Shopping Centre Investment - #5
Colliers International (Cairns) Pty Ltd is pleased to offer for sale the Town & Country Retail Centre located at 61-73 Front Street Mossman QLD 4873.

This substantial commercial freehold is ideally positioned neighbouring Woolworths supermarket with a mix of existing tenants including national retailer Prices Plus, a medical centre, pharmacy, Real Estate office and homeware retailer. Currently 67% occupied, the centre generates more than $358,500 pa + GST in passing income.

Located in the regions sugar capital, situated 20km north of Port Douglas, this substantial 9,828m2* property fronts the Captain Cook Highway, which extends through to the township of Mossman. This highly visible and easily accessible commercial centre has been entrenched in the community for over two decades.

Comprising a modern single level complex of 9 retail tenancies, the building provides 2,160sqm* of NLA, with a high clearance delivery dock and 125 car parks. Positioned on almost a hectare of land, the centre is constructed to the rear of the site providing an abundance of parking fronting the building - clearly visible from the highway and main entrance.

With a building footprint of around 23% of total site coverage, the property has a usable balance land component which represents further development upside.

The subject property offers astute and capable buyers the unique opportunity to immediately benefit from the existing income and the extensive value retained in the improvements and substantial land holding. The incoming buyer will be able to capitalise on a prominent location and generous traffic flow, while further maximising the income potential of the assets through further developing underutilised balance land and reposition the centre.

The Town & Country Retail Centre is being offered for sale at a listed price.

Features include:

• Highly visible and easily accessible
• 67% occupied providing passing income of $358,770, + GST pa
• Significant land parcel of 9,828sqm
• Future income & development upside

For further information, please contact Jay Beattie on 0428 551 062.

*Approximately

Colliers International - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors – office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers International is Australia’s own global real estate success story.

Ref #: 207478
  • 15/03/2022
  • Contact our experts for details on this transaction.