Greenbank is rapidly emerging as a key growth precinct within South-East Queensland, transitioning from a quiet residential suburb to a strategically significant hub of urban development.
The latest listing of IGA Greenbank Central, a multi-tenanted retail centre anchored by IGA and Caltex, is a clear signal that investors are turning their gaze toward the region’s booming growth corridor.
Strategically positioned at 2-8 Sheppards Drive, on an 8,025 sqm* site with a Gross Building Area of 2,268 sqm* the property offers stability and upside with a net income of nearly $570,000 per annum, and a fully leased potential of $571,473.
“This is the kind of asset that attracts a diverse buyer profile,” said Sam Polichronis of Cushman & Wakefield who is selling the asset with colleague Jack Neumann.
“We’re seeing interest from private investors, syndicates, and even institutional groups who recognise the long-term value in growth corridors like Greenbank.”
Greenbank has clocked a 7.7% annual population growth rate since 2018 and is forecast to reach 74,000 residents by 2041. With major master-planned communities like Mirvac’s Everleigh reshaping the area, the demand for local retail infrastructure is only set to rise.
“The location is exceptional,” added Jack Neumann of Cushman & Wakefield. “You’ve got high visibility, strong tenant retention, and proximity to Springfield and Ipswich, two of Queensland’s fastest-growing regions. It’s a textbook example of strategic positioning.”
Expressions of Interest close on Wednesday 5 November at 4pm (AEDT) through Cushman & Wakefield.
For more information, please contact Sam Polichronis, +61 415 610 324 sam.polichronis@cushwake.com or Jack Neumann, +61 435 561 040 jack.neumann@cushwake.com.
*Approx.
