A fully-leased retail centre on Brisbane’s northside is being brought to market with RWC Retail’s Michael Feltoe, Lachlan O’Keeffe and Pablo Routledge on behalf of a local investor. 

Located at 67-71 Wilgarning Street, Stafford Heights, just 7km north of the Brisbane CBD, the property has a proven history as the location for a retail centre since the mid-1960s. 

Today, the 613sqm single-level centre centre provides a modern offering of popular food and beverage operators, allied health, retail and office tenants and benefits from a 3.87 year WALE.

“The best suburban retail centres are the ones that combine a rich history and a contemporary offering,” Mr Feltoe said.

“This centre offers all of this in spades having a proven 60-year track record, modern refurbishments to the building, and a thriving tenant mix that perfectly caters to local needs.”

The centre has a fully-leased net income of $233,904, with the majority of tenants on 3-4 per cent annual increases. 

Ideally positioned on a 1,821sqm land holding, the centre is one of the only convenience offerings in the catchment, with Mr O’Keeffe saying that was set to remain for years to come.

“The centre dominates its catchment as the largest convenience retail landholding in Stafford Heights,” he said. 

“And, with the rest of the suburb largely zoned for residential use, it is set to remain uncontested.”

The retail centre is for sale via auction on Friday, March 7. 

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