Park Ridge Town Centre, 3723 - 3744 Mount Lindesay Highway, Park Ridge | Property for sale | Savills
14,315 sq m(154,085.44 sq ft)
Price on application

Park Ridge Town Centre3723 - 3744 Mount Lindesay Highway, Park Ridge

  • Sold
Retail
14,315 sq m (154,085.44 sq ft)

Key features

  • Defensive & dominant convenience-based neighbourhood centre - 14,31 5sq m* GLA
  • Rare dual supermarket anchored centre, featuring full-line Woolworths and Coles supermarkets with 1 mini-major, 31 specialties, 2 kiosks + KFC & Ampol pad sites
  • 100% leased with resilient and diverse daily needs and essential services tenancy mix, including food & groceries, liquor, medical, pharmacy, dental, casual dining, fast food & fuel
  • Strong income security - fully leased centre with a long term WALE of 8.13* years (by area as at 1/11/22)
  • Significant expansion potential - large site area of 62,450sq m with almost 1ha* of future development land and only 23%* existing GLA site cover
  • Prime growth location in the burgeoning southern Brisbane growth corridor, adjacent to the Mount Lindesay Highway
  • Growing trade area dominated by young family households. Massive MTA growth forecast to increase by 85%* by 2041 to over 131,000* people.
  • Strong depreciation benefits enhancing after tax returns
  • Net Income - $5,198,533p. a.*

Absolute Trophy Asset - Park Ridge Town Centre

About this property

  • Park Ridge Town Centre comprises a major neighbourhood shopping centre with a total GLA of 14,315sq m*, developed in two stages in 1999 and 2016. The centre is dual-anchored by both Woolworths and Coles supermarkets, and features 1 mini-major, 31 specialty shops and 2 kiosks, plus KFC and Ampol pad sites. The fully leased complex features on-site grade level parking for 656* vehicles, predominately with shade sail covers.

    Park Ridge is located 30km* south of Brisbane CBD, in the rapidly expanding Logan City corridor. The Centre occupies a high-profile location on the junction of Mount Lindesay Highway and Park Ridge Road, both major thoroughfares carrying high volumes of daily traffic.

    For sale by Expressions of Interest closing 3pm (AEST) Thursday 17 November 2022

    *Approximate

Available space

LevelTenancySale TypePriceAreaSqmStatus
n aExpression of Interest14315.00sq mSold