A private investor has purchased a premium convenience retail and fast food asset at Upper Coomera Central , Queensland for $14.75 million. 

The transaction was facilitated by Burgess Rawson National Partner Yosh Mendis and Senior Sales  Executive Josh Scapolan in conjunction with Crew Commercial’s Jacob Zhou and Rhiannon Parsons. 

The sale price reflects a yield of 6.1 per cent, underscoring the quality of the asset and its long-term  investment potential. 

Mr Mendis said this sale highlights the ongoing demand for high-quality, fully leased assets in prime  locations. The combination of nationally recognised brands, long-term leases, and the strategic position  of the property makes it an outstanding investment opportunity for the new owner." 

The property is fully leased, with brand new leases in place for up to 15 years, offering options  extending through to 2073. The tenancy mix includes well-known brands such as Red Rooster, Oporto,  and Caltex, generating a combined net annual rental income of $902,013. Constructed in 2023, the  property also offers significant depreciation benefits. 

The facility is purpose-built to the highest standards, featuring a drive-thru fast food area, a  convenience retail space with a high height canopy, an automotive and 4WD centre, and a car wash.  With annual rental reviews based on CPI, 4%, 3.5%, and 3%, the asset provides strong long-term  rental growth, offering both stability and upside potential for the future. 

The 8,762 sqm corner freehold landholding is strategically positioned in a major retail and commercial  hub, surrounded by nationally recognised tenants, including Coles, Aldi, McDonald’s, Hungry Jack’s,  Dan Murphy’s, and Guzman y Gomez. 

It is also directly adjacent to the Woolworths-anchored Coomera Square, which is home to an  additional 27 specialty shops. 

The Gold Coast is a world-renowned location with a Gross Regional Product of $45.38 billion and  attracting 12.2 million visitors over the past 12 months, further solidifying its position as a key growth  area for investors. 

Commenting on the Gold Coast investment market Jacob Zhou said: “The Gold Coast commercial  property market has demonstrated remarkable resilience and growth in recent years, fuelled by strong  economic expansion, key infrastructure developments, and robust investor confidence. Spanning office,  retail, and industrial sectors, the market has experienced significant demand, driven by factors such as  population growth, a booming tourism sector, and evolving business requirements. 

“The region's attractiveness is further boosted by major infrastructure initiatives and the anticipation of  the 2032 Olympic Games, which will elevate its global profile. With these factors in play, the Gold Coast  remains a prime destination for long-term commercial real estate investment opportunities.” 

Mr Scapolan said the result demonstrates the strength of demand for premium assets, especially those  underpinned by leading brands and strategic locations. “The main investor groups recognised the  exceptional potential of this investment to deliver strong returns over the long term.” 

Mr Mendis added that convenience retail sales have boomed over the past year with sales numbers  increasing by 29.63% while convenience retail transactions by value have surged by 34.3 per cent,  increasing from $132.7 million in 2023 to $178.2 million in 2024.

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