Located in the centre of the Sunshine Coast in Booming South East Queensland, Nambour Central has been secured Off-Market by an interstate first-time shopping centre investor.  

Boasting a 6,728sqm site, Nambour Central has been recently refurbished and is anchored by  national tenants Pets Domain, Sunshine Coast Radiology, ANZ and Commonwealth Bank, with  further upside to be realised once the remaining vacancies have been leased. 

Colliers Retail Middle Markets expert Harry Dever and Colliers Sunshine Coast Managing Director  Nick Dowling brokered the deal on behalf of PPI Funds Management via an off-market process representing a purchase price of $9,208,000 or 6.53 per cent yield on passing. This is the 4th Queensland Retail Investment the Colliers Retail Middle Markets have sold and settled in 2024,  with strong bidding highlighting depth of demand for the sector.  

Colliers Associate Director of Retail Middle Markets in Queensland Harry Dever said, "There has  been a notable increase in interstate buyers, comprising 55% of retail investments sold in QLD  year-to-date.’ He added, ‘investors are increasingly seeking value-add opportunities, particularly  those aligned with key drivers such as population growth and improving demographics." 

Colliers Managing Director of the Sunshine Coast Nick Dowling said, "Over the last two decades, the  population of the Sunshine Coast has experienced a significant increase, growing by 65% to be over  413,000 residents in 2022. The trend towards remote work and lifestyle preferences, coupled with  housing affordability, has spurred significant migration to regional areas, positioning the Sunshine  Coast as a key beneficiary." 

"Nambour is currently experiencing robust growth, with its demographics evolving over the past  decade into a sought-after destination for young families seeking affordable housing on the  Sunshine Coast, thereby bolstering retail demand." 

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