Attributes
| Year Built | 2022 |
| Building Area Gross |
|
Asset Description
JLL Retail Investments is pleased to offer for sale Ferny Grove Central, a brand-new, convenience retail and community centre adjoining the Ferny Grove Train Station in Brisbane’s affluent northern suburbs. An offering exhibiting best in class design, Ferny Grove Central is set to become a retail precinct in a league of its own, ideally positioned to be Australia’s next great Transit Oriented Development.
Investment Highlights
- Ultra-secure cash flow with 12.2-year wale (area) and favourable net lease structure
- Destinational offering, as well as a convenient super neighbourhood centre servicing a high growth catchment forming part of a greater mixed use development adjoining Ferny Grove train station
- 62% of gross income underpinned by long leases to full-line Woolworths’ supermarket, Dan Murphy’s, Goodstart Childcare, Goodlife Fitness Centre and Cinebar
- Unparalleled leasing demand to date, with 88% (by area) and 82% (by income) pre-committed
- Fully Leased Net Income of $6,220,982
For Sale via Expressions of Interest Closing Wednesday 18th May 2022 4PM (AEST)
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