Underwood

51 Kingston Road, QLD

Property Description

The property is a large format retail centre over 11,111 square metres consisting of four separate buildings and sixteen tenancies. The major tenants at the property include Officeworks, Supercheap Auto, Drummond Golf, Sydney Tools, Choice Discount and Fernwood Fitness. The site is located approximately 22 kilometres south of the Brisbane central business district on a prominent corner in the suburb of Underwood. The surrounding area includes Bunnings Underwood immediately to the west as well as a mixture of retail and service industry uses along Compton Road and Perrin Drive. The property was acquired as part of a portfolio acquisition in the first half of the 2024 calendar year.

Land area

28,150m²

The total GLA/retail area

11,111m²

Total Property Cost

$52,500,00

Current valuation

$43,900,000

Annual Rent

$3,119,049

Property Location

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