Occupying a total site area of 4,801 square metres, Chancellor Village has a total net lettable area of 1,370 square metres and benefits from a WALE of just under four years.

Located in the bustling commercial heart of Sippy Downs, opposite the Chancellor Tavern and Woolworths Marketplace, the property provides a secure income stream and guaranteed income growth of between three and five per cent on all leases through fixed annual reviews.

When fully leased, Chancellor Village provides an incoming buyer with a net income of approximately $660,000 per annum plus GST.

At a glance:

• Chancellor Village shopping centre for sale in Sippy Downs on the Sunshine Coast
• The centre occupies a total site area of 4,801 square metres with a total NLA of 1,370 square metres
• When fully leased, the property provides a net income of approximately $660,000 per annum plus GST

Jason O’Meara and Michael Harcourt of Savills have been appointed to sell Chancellor Village located at 11-19 Chancellor Village Boulevard in Sippy Downs.

Director of Savills, Jason O’Meara, said the property was also boosted by other traffic generators within the retail precinct include First Choice Liquor, Joyce Mayne and Sunshine Toyota.

“Pizza Hut is currently negotiating a new seven-year lease, and anchor tenant SNAP Fitness occupy over 420 square metres and are eighteen months into a 10-year lease,” O’Meara said.

Other tenants include a physio, optometrist, beauty salon, tax agent, plus various food outlets and café offerings.

Chancellor Village is located within close proximity to the University of the Sunshine Coast, and nearby student accommodation.

“This is a high growth corridor with Stockland undertaking the $5 billion 20,000 home Aura master planned Estate, and AVID Property Group developing the $3 billion 4,800 home Harmony master planned estate,” Harcourt said.

Chancellor Village is conveniently located approximately 15 minutes from the Maroochydore CBD and is being offered for sale by negotiation.

Similar to this:

Ray White to sell property purpose-built for Queensland Government

Sunshine Coast market heats as Minyama retail complex is sold for $12.05 million

Sunshine Coast golf course with development opportunity hits the market