A modern neighbourhood shopping centreat Emu Park on the Capricorn Coast has been sold for $17.95m following an Expressions of Interest campaign, adding further to the region’s prosperingproperty market.Savills’ Jon Tyson and Michael Harcourt handled the sale ofEmu Park Village Shopping Centrelocated approximately 45km north-east of Rockhamptonand15kmsouth ofYeppoon.Emu Park Villagecomprises2,795sqm of lettable space leased bya strongly trading Drakes Supermarket plus four specialty stores including a café, chemist,tobacconist,and afirst-floorofficewith 95% of the Centre’s GLA leased to nationalorchain traders.Savills Director of Retail Investments, Jon Tyson said the property soldto aVictorianbasedprivateinvestorat asharpyield of 5.47 per cent afterattractingover 100 enquiriesand multiple offers to purchase.“This propertyattractedsolidinterest due tothedominant and compact nature of thecentreas well as theregion’s strong economic growthfundamentals.”Mr Tyson said.“The Capricorn Coast and Rockhampton region hasseenongoingpopulationgrowthover recent years and is forecast to keep growing strongly underpinned by sea-change and lifestyle minded residents driving the(relatively affordable)housing marketand in turnwhich underpinsdemand forfood and servicerequirements”Michael Harcourt added further by saying,“the region’s construction boom including several multi-million-dollar infrastructure projectshas made the area a popular investment location as buyers seek toacquirestable“dailyneeds” assetsas interest rates rise.”Savills’ Retail Investments team have had a strong run of sales within regional Queensland in recent times with transactions including the Woolworths anchored Sarina Village Shopping Centre which sold for $13M and Woolworths Mt Isa for $16.9M respectively.Previous ArticleNext Article
Savills’ Jon Tyson and Michael Harcourt handled the sale ofEmu Park Village Shopping Centrelocated approximately 45km north-east of Rockhamptonand15kmsouth ofYeppoon.Emu Park Villagecomprises2,795sqm of lettable space leased bya strongly trading Drakes Supermarket plus four specialty stores including a café, chemist,tobacconist,and afirst-floorofficewith 95% of the Centre’s GLA leased to nationalorchain traders.Savills Director of Retail Investments, Jon Tyson said the property soldto aVictorianbasedprivateinvestorat asharpyield of 5.47 per cent afterattractingover 100 enquiriesand multiple offers to purchase.“This propertyattractedsolidinterest due tothedominant and compact nature of thecentreas well as theregion’s strong economic growthfundamentals.”Mr Tyson said.“The Capricorn Coast and Rockhampton region hasseenongoingpopulationgrowthover recent years and is forecast to keep growing strongly underpinned by sea-change and lifestyle minded residents driving the(relatively affordable)housing marketand in turnwhich underpinsdemand forfood and servicerequirements”Michael Harcourt added further by saying,“the region’s construction boom including several multi-million-dollar infrastructure projectshas made the area a popular investment location as buyers seek toacquirestable“dailyneeds” assetsas interest rates rise.”Savills’ Retail Investments team have had a strong run of sales within regional Queensland in recent times with transactions including the Woolworths anchored Sarina Village Shopping Centre which sold for $13M and Woolworths Mt Isa for $16.9M respectively.Previous ArticleNext Article
Emu Park Villagecomprises2,795sqm of lettable space leased bya strongly trading Drakes Supermarket plus four specialty stores including a café, chemist,tobacconist,and afirst-floorofficewith 95% of the Centre’s GLA leased to nationalorchain traders.Savills Director of Retail Investments, Jon Tyson said the property soldto aVictorianbasedprivateinvestorat asharpyield of 5.47 per cent afterattractingover 100 enquiriesand multiple offers to purchase.“This propertyattractedsolidinterest due tothedominant and compact nature of thecentreas well as theregion’s strong economic growthfundamentals.”Mr Tyson said.“The Capricorn Coast and Rockhampton region hasseenongoingpopulationgrowthover recent years and is forecast to keep growing strongly underpinned by sea-change and lifestyle minded residents driving the(relatively affordable)housing marketand in turnwhich underpinsdemand forfood and servicerequirements”Michael Harcourt added further by saying,“the region’s construction boom including several multi-million-dollar infrastructure projectshas made the area a popular investment location as buyers seek toacquirestable“dailyneeds” assetsas interest rates rise.”Savills’ Retail Investments team have had a strong run of sales within regional Queensland in recent times with transactions including the Woolworths anchored Sarina Village Shopping Centre which sold for $13M and Woolworths Mt Isa for $16.9M respectively.Previous ArticleNext Article
Savills Director of Retail Investments, Jon Tyson said the property soldto aVictorianbasedprivateinvestorat asharpyield of 5.47 per cent afterattractingover 100 enquiriesand multiple offers to purchase.“This propertyattractedsolidinterest due tothedominant and compact nature of thecentreas well as theregion’s strong economic growthfundamentals.”Mr Tyson said.“The Capricorn Coast and Rockhampton region hasseenongoingpopulationgrowthover recent years and is forecast to keep growing strongly underpinned by sea-change and lifestyle minded residents driving the(relatively affordable)housing marketand in turnwhich underpinsdemand forfood and servicerequirements”Michael Harcourt added further by saying,“the region’s construction boom including several multi-million-dollar infrastructure projectshas made the area a popular investment location as buyers seek toacquirestable“dailyneeds” assetsas interest rates rise.”Savills’ Retail Investments team have had a strong run of sales within regional Queensland in recent times with transactions including the Woolworths anchored Sarina Village Shopping Centre which sold for $13M and Woolworths Mt Isa for $16.9M respectively.Previous ArticleNext Article
“This propertyattractedsolidinterest due tothedominant and compact nature of thecentreas well as theregion’s strong economic growthfundamentals.”Mr Tyson said.“The Capricorn Coast and Rockhampton region hasseenongoingpopulationgrowthover recent years and is forecast to keep growing strongly underpinned by sea-change and lifestyle minded residents driving the(relatively affordable)housing marketand in turnwhich underpinsdemand forfood and servicerequirements”Michael Harcourt added further by saying,“the region’s construction boom including several multi-million-dollar infrastructure projectshas made the area a popular investment location as buyers seek toacquirestable“dailyneeds” assetsas interest rates rise.”Savills’ Retail Investments team have had a strong run of sales within regional Queensland in recent times with transactions including the Woolworths anchored Sarina Village Shopping Centre which sold for $13M and Woolworths Mt Isa for $16.9M respectively.Previous ArticleNext Article
“The Capricorn Coast and Rockhampton region hasseenongoingpopulationgrowthover recent years and is forecast to keep growing strongly underpinned by sea-change and lifestyle minded residents driving the(relatively affordable)housing marketand in turnwhich underpinsdemand forfood and servicerequirements”Michael Harcourt added further by saying,“the region’s construction boom including several multi-million-dollar infrastructure projectshas made the area a popular investment location as buyers seek toacquirestable“dailyneeds” assetsas interest rates rise.”Savills’ Retail Investments team have had a strong run of sales within regional Queensland in recent times with transactions including the Woolworths anchored Sarina Village Shopping Centre which sold for $13M and Woolworths Mt Isa for $16.9M respectively.Previous ArticleNext Article
Michael Harcourt added further by saying,“the region’s construction boom including several multi-million-dollar infrastructure projectshas made the area a popular investment location as buyers seek toacquirestable“dailyneeds” assetsas interest rates rise.”Savills’ Retail Investments team have had a strong run of sales within regional Queensland in recent times with transactions including the Woolworths anchored Sarina Village Shopping Centre which sold for $13M and Woolworths Mt Isa for $16.9M respectively.Previous ArticleNext Article
Savills’ Retail Investments team have had a strong run of sales within regional Queensland in recent times with transactions including the Woolworths anchored Sarina Village Shopping Centre which sold for $13M and Woolworths Mt Isa for $16.9M respectively.Previous ArticleNext Article
