A MAJOR retail site – the Horizon @ Wellington Point Shopping Centre – is for sale.
The property at 685 Old Cleveland Road East, Wellington Point, will be sold via expressions of interest by Ray White Commercial Bayside and Jacob Swan and Campbell Bowers of Jones Lang LaSalle retail investment.
Ray White director Nathan Moore said the shopping centre opened in December, 2010, and had an IGA Supermarket and 19 retail and medical tenancies.
“Horizon @ Wellington Point is a highly successful retail/medical complex which currently has 100 per cent occupancy,” he said.
“The shopping centre returns nett rental income of approximately $1.25 million per annum and represents a tremendous strategic investment opportunity.”
Mr Swan said Horizon @ Wellington Point was situated on 6099 square metres with a local centre zoning from Redland City Council.
“This modern, architecturally designed retail asset is surrounded by high quality residential development in an emerging growth centre of south east Queensland,” he said.
“There is approximately 2616 square metres of nett area (that can be let) in three buildings and prominent signage opportunities.”
Mr Bowers said the complex had two-street access and about 150 car spaces in ground level and basement parking.
Expressions of interest close on November 24.