Soon-to-be completed retail centre 'Commons' in Casuarina has six leases already

A new retail and commercial precinct in Casuarina is heading for completion in February 2018, with six operators already committing to long term leases within the centre.

Developed and owned by Bruce Coulson, ‘The Commons’ is located between Casuarina Way and Grande Parade in the heart of Casuarina.

On completion, it will have 12 food, medical, health and general retail services as well as a childcare centre with 175 places. 

Rents range from $450/sqm to $725/sqm.

The project is being marketed by Kelly Buxton and Luke McGrath of Colliers International.

The leased six tenancies within the centre to date have tenancy sizes ranging from 40sqm to 227sqm and leasing terms ranging from 5 to 10 years.

The businesses include: Blackboard Coffee - a licensed café and coffee roaster; The Crafty Cow – a smokehouse and bar; Nikkou - women’s and kids fashion; Child psychologist and speech therapist; Chiropractor; and F45 – a fitness training studio.  

The owners of The Crafty Cow are two couples that will be relocating their families from Brisbane to Casuarina to follow the relaxed beach lifestyle and their passion for food. 

One of the owners, Jodie Daley, whose background is in hospitality said that they are very excited about bringing a new concept to the area, a smokehouse and bar that will serve craft beer, tapas, burgers, finger food and platters. 

“Considering Casuarina is one of favourite holiday destinations, we always knew we were going to relocate one day and set up a business here.” 

Buxton of Colliers said the remaining tenancies within the centre range in size from 41sqm to 147sqm and would suit fast food operators, general retail, real estate agency, medical centre, dentist or another health practitioner. 

The main trade area includes about 24,000 residents, made up of mostly retirees, young families and first home buyers, with the annual population growth rate projected at approximately 3.6 per cent.