JLL Metropolitan Retail Investments are pleased to present for sale The Pines Point Shopping Centre at 25 Pitcairn Way, Pacific Pines QLD - a modern convenience centre positioned in a high growth Gold Coast location.
The Pines Point Shopping Centre is being offered For Sale via Expressions of Interest closing Thursday, 20 May at 4pm.
The property has the following key characteristics:
- Fully leased modern convenience centre with diverse income profile underpinned by ten non-discretionary retail tenants
- Significant 2,910sqm land holding strategically located in one of the busiest shopping precincts in the area
- Prime position adjacent to Woolworths and McDonald’s ensuring a busy retail dynamic
- Net leases with staggered expiries and fixed rental increases ranging from 2.50% - 4.00% annually for all tenancies
- Built in 2012 - high quality 858sqm centre providing a generous 52 on-site car parks
- Strong day & night trade with a long standing history of tenure - many tenants having operated since the centre was constructed
- Supported by a dense surrounding residential catchment
- Pacific Pines - ideal Gold Coast location, underpinned by a strong convenience retail focused demographic
- Net income of $500,014* per annum as at 1 May 2021