Strategically positioned within the vibrant Brisbane to Gold Coast Growth Corridor, Woolworths Coomera East Shopping Centre emerages is an opportunity for savvy investors. Boasting a 1.75-hectare site, this High Performing Woolworths anchored shopping centre has only 8 specialties tenancies and further value to be unlocked with a DA Approved Padsite, ripe for development. 

The shopping centre is anchored by a strong 15-year lease to Woolworths, with options until 2076, who occupy 83 per cent of the fully leased centre, with other tenants including BWS and 7 other specialty shops. A value-add opportunity exists on a vacant parcel of land at the southern boundary of the site, with a DA in place for 51 residential apartments and 2,100m2 of retail/commercial suites. 

Colliers Retail Middle Market experts James Wilson and Harry Dever, on behalf of a valued private client, are offering Woolworths Coomera East Shopping Centre, located at 328 Foxwell Road, Coomera East for sale via an exclusive expressions of interest campaign.

Colliers Head of Retail Middle Markets James Wilson said renewed demand from institutional mandates will compete with established domestic and offshore private capital for the opportunity.

“Domestic and offshore private capital has been the dominant purchaser category for the Neighbourhood Shopping Centre sector during the current cycle, however recent acqusiitions by institutional capital for high qualiy assets in Q2 2024 has increased the purchaser pool for this highly prized asset class,” James Wilson said.

“Coomera East Shopping Centre offers investors the security of a modern high performing Woolworths anchored Neighbourhood Shopping Centre, combined with pad site that features development potential in one of Queenslands fastest growing growth corridors.”

Colliers Retail Middle Markets Associate Director Harry Dever said “With a projected population surge in the main trade area at a growth rate of 3.4 per cent per annum coupled with escalting retail spending at 5.6 per cent per annum respectively, Woolworths Coomera East not only promises immediate returns but also long-term growth opportunities for potential investors”

“As only the second Woolworths anchored shopping centre to be publically offered for sale in Queensland in 2024, it is an opportunity for investors to deploy pent-up capital into a secure investment where income is underpinned by inflationary resilient tenants,” Harry Dever added.

A 100 per cent interest in Woolworths Coomera East Shopping Centre is being exclusively offered for sale via Expressions of Interest (EOI) closing 2.00pm (AEST) on Wednesday 17 July 2024.