Receivers' Sale | Retail Development Site - c. 90% Leased & DA Approved
Ray White Commercial QLD are pleased to present 1-35 Grande Avenue, Springfield Lakes. For sale via Expressions of Interest closing Thursday 15th December 2022 at 4pm (AEST).
Under instructions from Scott Clout & David Clout as Receivers and Managers.
The Site
• 2.39ha shovel-ready development site comprising 3 separate DA approved lots
• DA approval for a neighbourhood shopping centre (Lot 1), Service Station (Lot 2) and Childcare Centre (Lot 3)
• Two-Street Frontage: 611 metres* of street frontage to Springfield-Greenbank Arterial and Grande Avenue
• Elevated site with exposure to over 23,200^ vehicles daily
• Springfield Lakes: A master-planned community 22km* South-West of the Brisbane CBD
• Within 1.5km* of the Centenary Motorway and Springfield Central Train Station, both offering direct access to the Brisbane CBD
• Within 1km* of a growing education and health hub, with current operators including Mater Hospital and St Peter's Lutheran School
• Dedicated roundabout entrance from Grande Avenue with proposed Slip-Lane access along Springfield-Greenbank Arterial
The Development
• Existing Agreement's For Lease (AFL's) with approximately 90% of income (by council approved GLA) pre-committed
• Tenants including: Drakes Supermarkets (12 years), 7-Eleven Fuel (15 years), a 220-place Lead Childcare (15 years) and more
• Total council approved gross lettable area of 7,029sqm
• Pre-committed base rent of $2,961,962 plus GST p.a. (based on signed AFL's as at 02/12/2022)
*Approximate ^Sitewisely
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