Horizon @ Wellington Point shopping centre for sale

One of the most significant retail assets on Brisbane’s bayside, the Horizon @ Wellington Point shopping centre, is being offered for sale by Ray White Commercial in conjunction with JLL.

The major investment opportunity at 685 Old Cleveland Road East, Wellington Point, is a fully tenanted shopping centre, which opened in December 2010.

It is anchored by an IGA Supermarket and 19 other retail and medical tenancies.

Horizon @ Wellington Point is a successful retail/medical complex which currently has 100% occupancy.

Offers close November 24 with Ray White Commercial Bayside agent Nathan Moore and JLL Retail Investment QLD’s Jacob Swan and Campbell Bowers.

The shopping centre returns net rental income of approximately $1.25 million per annum.

Swan said Horizon @ Wellington Point is situated on a land area of approximately 6,099 square metres with a local centre zoning from Redland City Council in an emerging growth centre of South East Queensland.

There is 2,616 square metres of nett lettable area in three buildings and prominent signage opportunities.