Cushman & Wakefield in conjunction with Colliers is pleased to present a strategically positioned 27,900sqm* DA-approved development opportunity in the heart of Morayfield, one of the fastest-growing precincts within the City of Moreton Bay.
With Stages 1 and 2 successfully completed, the asset generates a strong holding income, the remaining Stages 3 and 4 comprise approximately 20,800sqm* of developable land with an existing approval for up to 8,765sqm* of GFA. Prominently positioned with 130m* of frontage to Morayfield Road and exposure to more than 28,000 vehicles per day, the property is surrounded by a dominant large-format retail and homemaker precinct.
The key highlights of the opportunity include:
- WALE of 3.60 years (by Income) anchored by a 5-year lease to The Yiros Shop expiring 2030 and further supported by a 15-year lease to Zarraffa’s Coffee
- Substantial 27,900sqm* DA-approved landholding with Stages 1 & 2 completed and approximately 20,800sqm* of developable land remaining across Stages 3 & 4
- Key infrastructure already in place, including a 1,000kVA transformer, power, sewerage and drainage connections, making Stages 3 & 4 ready for immediate development
- Prominent Morayfield Road position with 130m* of frontage and exposure to over 28,000 vehicles per day within one of Southeast Queensland’s fastest-growing retail corridors
- Strategically located within the City of Moreton Bay, one of Australia’s largest and fastest growing local government areas, forecast to exceed 800,000 residents by 2046.
- Surrounded by a dominant large-format retail and homemaker precinct, neighbouring major national retailers including The Good Guys, Chemist Warehouse, BCF, Officeworks, Amart and Sydney Tools
Gross Holding Income of $814,568* per annum.
The property is offered For Sale via Expressions of Interest Campaign (EOI) closing Wednesday 18th November at 4:00pm (AEST).
*Approximate
