Stonebridge Property Group and First Asset Management, as exclusive sale agents, are pleased to present for sale City Centre Plaza, a rare opportunity to acquire a high yielding and dominant sub regional shopping centre prominently positioned in the heart of the growing Rockhampton region.

The key highlights of this opportunity include:

• Anchored by Coles and Target plus 28 specialty shops, 1 kiosk and 1 ATM with 99%* occupancy
• Coles lease extended to 2030 and is trading above turnover rent threshold (based on Dec-23 MAT)
• The only shopping centre in Rockhampton’s CBD, servicing a Main Trade Area of over 125,000 people with exposure to a diverse and resilient local economy**
• 21,380 sqm* mixed-use zoned land holding with 4 street frontages + 20 metre height limit (Source: Rockhampton Region Planning Scheme 2015)
• Low gross specialty rents of $588/sqm* and average specialty gross occupancy cost ratio of 9.8%* (48% and 29% below industry benchmarks, respectively)
• Convenient basement and at-grade car parking for 440* vehicles (3.2 cars* per 100 sqm lettable area)
• Value-add opportunities including potential for large format retail, additional mini-majors and medical/health facilities
• Estimated fully leased net operating income of $3.04 million* p.a.*

*Approximate
**Location IQ
^Urbis benchmarks for Single DDS based shopping centre

City Centre Plaza is for sale via Expressions of Interest.

For further information or to arrange an inspection, please contact the exclusive selling agents.