19th Avenue Shopping Centre is a neighbourhood shopping centre, anchored by a strong performing, long tenure Woolworths. 

19th Avenue Shopping Centre in Palm Beach Queensland was sold by Dan McVay and Sam McVay of McVay Real Estate for $35,250,000.

19th Avenue Shopping Centre. Source: McVay Real Estate. 

At a glance:

• Initial Yield:  5.60%
• Established Neighbourhood Centre with 5,920 sqm of GLA
• Long term, high performing supermarket anchor (Woolworths, 2033 expiry)
• Ease of access with three street frontages and 300 car spaces
• Genuine rental growth potential with low in place rents
• Immaculately maintained with minimal medium term capex forecast
• Substantial 1.9 hectare site

This is the 2nd time McVay Real Estate have sold this property.

19th Avenue Shopping Centre. Source: McVay Real Estate. 

McVay Real Estate have completed over $140,000,000 in settlements in the past month across a CBD shopping centre, neighbourhood shopping centre and a family resort hotel to three different Buyer categories, (Hong Kong Investor, Australian Institution and Australian Private Investor).

Sam McVay said, "Quality assets will always have a market and unlike 2008/2009 there remains liquidity in the debt markets, the cost of which is at record lows."

CBD Shopping Centre

The Circle on Cavill retail centre sold for $61.8 million through Sam Hatcher, Jacob Swan and Nick Willis JLL and McVay Real Estate’s Dan McVay and Sam McVay.

Family Resort 

Paradise Resort is a family resort hotel located on the Gold Coast has sold through the experienced hands of McVay Real Estate for $43,000,000.

"Paradise Resort is an established 360 room family resort, with approval for the development of 1,432 residential units on the site," said Sam McVay of McVay Real Estate.

Similar to this: 

Surfers Paradise retail centre sold for $61.8 million

Paradise Resort is a third time charm at $43m