Situated just 15km north of the Brisbane CBD, Marketplace Deagon is set to attract investor demand as it hits the market. 

Located at 55-75 Braun Street, this two storey neighbourhood centre is anchored by a Fresh & Save supermarket and five non-discretionary mini-majors including Reject Shop, Good Price Pharmacy, Guppy’s Early Learning Centre, Rackleys’ Swimming and Club Lime.

The centre occupies a commanding 14,070sqm site with signalised access along Braun Street - an extension of one of Brisbane’s main arterial’s Sandgate Road.

Ray White Commercial QLD agents Michael Feltoe and Lachlan O’Keeffe, together with Victor Sheu of Ray White Commercial Western Sydney, have been appointed to run the expressions of interest campaign, closing July 5 at 4pm (AEST).

“Interstate groups have acquired the majority of neighbourhood centres in Queensland that transacted in the last 24 months, which is no surprise considering the state recently secured over 90 per cent of net interstate migration in Australia,” Mr Feltoe said. 

“With the easing of international border restrictions and increasing offshore based enquiry, we are seeing early signs emerging of the return of offshore high net worth investors and private funds competing in this neighbourhood sector, especially in metropolitan locations,”

Marketplace Deagon generates a net income of $1.45 million per annum on a strong 5.85* year WALE, with 75 percent of this income being generated by the major and 5 mini-major tenants. 

“What most impresses us about Marketplace Deagon is its excellent tenant retention history," Mr O’Keeffe said.

“Four out of five mini-major tenants have occupied the centre for between 14-21 years, and five out of seven specialty tenants for between 11-30 years.”

For more information contact the agents via the contact form below.