Stonebridge and McVay are pleased to present for sale Capri on Via Roma, a rare opportunity to acquire a premier convenience and lifestyle centre anchored by Harris Farm Markets in a highly connected and affluent Gold Coast location, on the footsteps of Surfers Paradise.

Key highlights of this opportunity include:

• Strong performing convenience lifestyle centre with 99% occupancy rate, configured over 3 modern buildings with a total lettable area of 6,780 sqm*
• Anchored by the Gold Coast’s flagship Harris Farm Markets on a 12-year lease with options to 2053 + fixed 3% annual reviews
• Highly tailored tenancy mix featuring 1 mini-major, Social Remedy, 24* specialty shops, including an artisan market hall, waterfront dining, convenience retail & services, 5* kiosks and 18* professional suites
• Affluent Gold Coast gateway location, 6 min* drive to Surfers Paradise CBD and a 1 hr* drive to Brisbane CBD and per capita incomes 11% above the Gold Coast LGA benchmark^
• High profile 11,283 sqm* landholding + 2,888 sqm* of surplus land zoned medium density residential, with concept plans for 11* townhouses (subject to Council approval)
• Large catchment with 364,000+ people residing within a 20-minute drive time, rapidly growing at 1.4% p.a. to 2041^
• Outstanding rental growth potential with total specialty Moving Annual Turnover uplift of 35% since 2019**
• Secure and stable cashflow with 95%* of the base rent growing at an average weighted average rent review of 3.3%* p.a.
• Estimated fully leased net income of $5.0 million* p.a. with depreciation potential available

*Approx.

** Excluding Harris Farm, like-for-like comparison

^ Source: Location IQ

Capri on Via Roma is for sale via Expressions of Interest.

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