Savills | Riverlakes Shopping Village, 2-16 Gleneagles Avenue, Cornubia | Property for sale
2,812 sq m
Price on application

Riverlakes Shopping Village2-16 Gleneagles Avenue, Cornubia

  • Freehold

Key features

  • The Centre boasts a diverse tenancy mix focussed predominately on the non-discretionary daily needs of local residents, including medical and allied health, child care centre, fitness centre and convenience retail tenancies.
  • The centre is well established and services an expansive catchment.
  • The Centre is located in a prominent location on a major arterial road providing easy access and features high exposure to high volumes of passing traffic of around 22,000 cars daily.
  • Riverlakes Village is securely leased with a weighted average lease expiry term of 5.6 years by area (as at 30 September 2021).
  • The centre features very low average gross rentals with inbuilt rental growth predominately featuring fixed increases of 3.00% to 4.00% each year.
  • Net Income: $994,314p.a.

Riverlakes Village Shopping Centre

About this property

  • Riverlakes Village is an outstanding opportunity to acquire a convenience based medical and retail centre, underpinned by a diverse mix of “essential services” including multiple medical services, childcare and fitness centre and daily needs retail tenancies.

    The complex comprises four buildings, incorporating a medical and retail building, a freestanding 74 place Childcare Centre, drive-thru Zarraffa’s coffee shop and a freestanding Anytime Fitness centre on a separate title.

    The centre is located on a prominent site at Cornubia in Brisbane’s south-eastern growth corridor, situated 32km southeast of the CBD. The complex features extensive frontage to Beenleigh-Redland Bay Road.

    A 100% freehold interest in Riverlakes Village is offered for sale by Expressions of Interest closing at 3pm Thursday 7 October 2021.

    Note: All figures referenced are approximate only.

Available space

LevelTenancySale TypePriceAreaSqmStatus
n aExpression of Interest2812.00sq mAvailable