Gold Coast's Banora Central Shopping Centre for sale

Gold Coast's Banora Central Shopping Centre for sale
Gold Coast's Banora Central Shopping Centre for sale

The Banora Central Shopping Centre, south of the Gold Coast, is up for sale through an expressions of interest campaign ending 17 September.

The 13,340sq m site on the corner of Leisure Drive and Fraser Drive at Banora Point, was built in 2007 and features a Coles supermarket, three specialty shops, one kiosk and two ATMs and extensive partly covered grade-level parking. 

The property is being sold through Jon Tyson of Savills, who said approximately 67% of the centre’s gross rental income securely leased by national brand blue-chip tenants, Coles, BWS, Westpac and Suncorp.

“This property is trading well and presents an attractive investment, given the small number of tenants dominated by strong line-up of national operators. The high-exposure corner site provides easy customer access and is well-positioned to capitalise on the future population growth flowing from major new residential development in the area,” he said.

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

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