Three Brisbane retail investments sold by CBRE agents Josh Scapolan and Sebastian Fahey via auction for a combined $10,120,000 to separate private investors from Sydney and Melbourne.

The 55 Railway Terrace investments are located beneath The Milton Residences and integrated with the Milton Train Station and had long leases to national retailers including Australia Post, BWS and Ribs & Rumps.

CBRE agents Josh Scapolan and Sebastian Fahey steered the marketing campaign with all three investments selling under auction conditions. The investors were attracted to the long lease expiries, quality national tenants and annual rental increases of up to 3.5% per annum.

• The 205sqm Australia Post investment sold for $3,150,000, reflecting a yield of 4.90%, secured by a long 10-year lease.
• The BWS offering transacted for $2,150,000, reflecting a 4.85% yield, secured on a five-year lease.
• In the largest of the three transactions, the 434sqm Ribs & Rumps investment transacted for $4,820,000, representing a price of $11,106 per/sqm and a yield of 6.8%.

Mr Scapolan said, “This marketing campaign delivered 25 registered bidders, demonstrating the depth of buyer demand in the sub $5m investment market, particularly for assets that are underpinned by national retailers with long lease commitments.”

The Milton location was one buyer drawcard, offering an opportunity to invest in a near city work, live and play suburban precinct, close to shopping centres, schools, medical centres, and public transport and within walking distance to the CBD.

Mr Fahey noted, “We are continuing to see strong demand in the retail investment market with over 160 enquiries received throughout the campaign, fuelled by the continued low interest rate environment and the limited quality investments on offer.”

55 Railway Terrace is 1km from the Brisbane CBD, minutes to the Milton ferry terminal and close to Suncorp Stadium and the Park Road high street dining precinct.

To request a sales analysis please contact either of the CBRE selling agents Josh Scapolan and Sebastian Fahey via the below contact details. 

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