Investment
Status
Sold
Sale
Price
$24.5M
Date of
Sale
Oct '21
Day One
Distribution
11.50%
Internal Rate
of Return*
16.95%
Cash Return
(per $1)
2.18
Term
7yrs 8mths
About Sentinel Springwood Retail Trust
The Centre @ Springwood is an established large format retail centre located in Underwood, Queensland. The Centre is situated approximately 19 km south of the Brisbane CBD in the Brisbane to Gold Coast Corridor and occupies a prominent corner site situated on a 22,907sq m bounded by the M1 Pacific Motorway, Logan Road and Lexington Road.
The property has a diverse and complementary tenancy mix including Scooter Hut, 99 Bikes, RSPCA, Ariala Restaurant, Goodlife Health Clubs, Veterinary Specialist Services, Lifeline Australia, Lollipops Playland, Burbank, and Stanford Swim School. The Centre provides on grade car parking for approximately 258 vehicles.
The Property forms part of the major business node of Springwood in proximity to other major retail offerings, and has excellent future development potential.
Gallery
Location
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