Investment
Status

Full

Purchase
Price

$24.50M

Date of
Purchase

Oct '21

Dec '21 Net
Distribution

8.00%

About Sentinel Homemaker Trust


The Centre @ Springwood is located at 1-15 Lexington Road, Underwood, QLD, with a site area of 22,907 sqm and net lettable area of 10,249 sqm. It is a single level unenclosed large format retail centre built in 1991. The centre comprises 11 tenancies located across three freestanding buildings in addition to two telecommunication tower leases. At grade parking is provided for approximately 239 vehicles on a site of 2.29 hectares, with an additional 31 spaces provided on the adjoining Council owned car park.

The Property is centrally located in the established suburb of Underwood, approximately 19 kilometres south of the Brisbane central business district in the heart of the Brisbane to Gold Coast corridor, which is one of Australia’s fastest growing regions. The Property is prominently situated on the corner of Lexington Road and Logan Road immediately adjacent the M1 Pacific Motorway. It forms part of the major business node of Springwood, servicing a large catchment of residents and acting as a hub for the surrounding suburbs.

The Sentinel Homemaker (Open Ended) Trust is an open-ended Trust comprising of the Heatherbrae Homemaker Centre, Northpoint Homemaker Centre, Berrimah, Orange Homemaker Centre, and The Centre @ Springwood.

Location


Sentinel Homemaker Trust

1-15 Lexington Road, Underwood QLD 4119

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