OzProp Capalaba 1 Class of Units
- Property type: Mixed Use
- Offer type: Fully subscribed , Mixed Use
- City: Capalaba
- Zip Code: 4157
- Street: 210 Redland Bay Road
- Property size: 591 m²
- Lot size: 3,792 m²
- Investment Status: Fully subscribed
- Acquistion Date: November 2010
- Initial Investment: $5.5m
- IRR: 27.00 %
- Invesment Horizon: 5-7 years
- Current Valuation: $8.2m
Details
The asset is a 3,792 square metre ‘Mixed Use’ classified site which is situated to the northern side of Redland Bay Road with a secondary frontage to Currumbin Court, affording the property with great street exposure.
The property is improved with a service station and retail complex which was constructed in 1999 and is currently undergoing a significant refurbishment. The service station has a retail of 210 square metres and two bay tandem style fuel canopy over the forecourt, with eight pump island stations. The retail specialty tenancies range from 78 to 150 square metres with a combined area of 381 square metres. The property is anchored by BP Australia and 4 specialties.
*Target Investment returns based on the terms and conditions stated in the relevant IM. Investment returns are not guaranteed and are subject to investment risk.
