A development approved retail development site with pre-committed leases to some of Australia’s largest retail tenants is up for sale with Ray White Commercial QLD under instructions from Scott Clout and David Clout as joint and several receivers and managers.

Located at 1-35 Grande Avenue Springfield Lakes, the shovel-ready 2.39ha site is situated 22km southwest of the Brisbane CBD in the master-planned Springfield region. 

It comprises three separate development approved lots with approval for a neighbourhood shopping centre, service station and childcare centre.

The property is being marketed by Ray White Commercial QLD agents Michael Feltoe and Lachlan O’Keeffe. 

"The elevated site has exposure to more than 23,200 vehicles daily along Grande Avenue and Springfield-Greenbank Arterial, with the latter providing direct access to the Centenary Motorway and Springfield Central Train Station, both less than 1.5km* from the site,” Mr Feltoe said. 

Mr O’Keeffe said: "The site is being sold with existing agreements for lease (AFLs) with approximately 90 percent of income (by GLA) pre-committed to tenants including Drakes Supermarkets, 7-Eleven Fuel, and Lead Childcare."

The property is set to be the first neighbourhood shopping centre and first service station in Springfield Lakes - which has a current population of more than 24,000*.

The property is for sale via expressions of interest closing 15 December, 2022, at 4pm (AEST).

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below. 

Related Reading:

Colliers to auction prime retail property for sale on M1 anchored by corporate tenants | Commo.

Two Pre-Approved residential development sites within the $500 million Queens Street Village Gold Coast for sale by Colliers  | The ASEAN Developer

Ormeau Shopping Centre sold for $34,000,000 on strong yield by CBRE and JLL  | Commo.