Savills | 203 Ashmore Rd, BENOWA | Properties for sale
5,856.10 sq m
Price on application

203 Ashmore RdBENOWA

  • Freehold

Key features

  • Enclosed neighbourhood shopping centre anchored by a Coles supermarket with 36* specialty tenancies, 1 kiosk and a freestanding KFC drive-through restaurant
  • High exposure location only 4km* west of Surfers Paradise
  • Affluent trade area with household income levels over 13%*^ above national and state averages
  • Booming Gold Coast city is one of the fastest growing cities in Australia
  • Forecast main trade area population of 41,010* with retail expenditure of $835.7M* by 2031*^
  • GLA: 5,856.1sq m* - Site area: 17,660sq m*
  • Compact design and convenient parking for 384* spaces including 209* spaces undercover
  • Lease extension to Coles subject to completion of lessor works
  • WALE: 6.97 years# (by area)
  • Net income estimate: $3,331,827pa* (fully leased estimate)**

Benowa Gardens Shopping Centre - Coles Anchored Shopping Centre with Value-Add Opportunity

About this property

  • Benowa Gardens Shopping Centre is a modern enclosed neighbourhood shopping centre designed in a convenient layout comprising a total GLA of 5,856.1sqm* and features 384* carparks including 209* spaces undercover in a basement level.

    Benowa Gardens is centrally located in the established Gold Coast suburb of Benowa, only 4km* west of Surfers Paradise.

    # Estimate based on a pro forma tenancy schedule as at 1 Nov 2019 and assumes that the Coles amendment of lease commenced on that date.

    **Estimate based on a pro forma tenancy schedule, based on a fully leased asset as at 1 Nov 2019 and assumes that the Coles amendment of lease commenced on that date

    ^Source: Location IQ

    For Sale by Expressions of Interest closing 3pm (AEST) Wednesday 11 December 2019.

Available space

LevelTenancySale TypePriceAreaSqmStatus
n aExpression of Interest5856.10sq m