A large-format retail centre, a bustling retail hub in Brendale, has been purchased by a private investor for $13.225 million, signalling strong financial interest in the region’s growth.
The property, located at 170 Kremzow Road, covers 3,455 square metres and sits on a 7,370 square metre site, providing 87 parking spaces. Built in 2021, the modern centre is fully leased to well-known national tenants, including Autobarn, Silly Solly’s, Pets Domain, and The Salvation Army.
This mix of businesses provides a varied shopping experience for the local community. The sale of the property, handled by JLL, represents the first large-format retail sale in Queensland for 2025.
According to JLL representatives, the sale attracted significant interest from private investors due to the scarcity of such opportunities in the large-format retail sector. The sale price and yield, reflecting a building rate of $3,827 per square metre and a passing yield of 6.14%, demonstrate the property’s advantageous location and strong tenant base. The investors were particularly drawn to the reliable income from national tenants with corporate leases and the benefits of annual increases and depreciation.
The retail centre’s location is considered a key factor in its appeal. It is situated approximately 25 kilometres north of Brisbane’s central business district and near the rapidly developing Caboolture West Priority Development Area.
This area is one of Queensland’s fastest-growing regions and a significant economic hub. The strong sales result highlights the continued investor interest in well-located retail properties that offer secure income and exposure to growing populations, such as those of the Moreton Bay region.
The retail center provides valuable services to the Brendale community and surrounding areas. The continued investment in this area shows the region’s strong economic growth and the area’s ability to draw in national businesses that provide services to the community.
Published Date 01-April-2025
