Pialba Place sells for $36.5m

Stonebridge Property Group is pleased to announce the sale of Pialba Place to M/ Group for $36.5 million. Stonebridge was the exclusive selling agent for the select off-market private treaty sale.

Pialba Place is a modern Sub-Regional shopping centre located in the heart of Hervey Bay, a coastal city approximately 290 kilometres north of Brisbane.

The 15,647sqm shopping centre, positioned on a 43,839sqm town centre site with three frontages, is anchored by a full-line Coles Supermarket and Big W, and is complemented by 1 mini-major, 33 specialty shops, multiple Main Street facing retail, 2 kiosks and 2 ATMs. The Centre features a 7.2 year WALE (by area) and is 92% occupied.

For further information, please contact Stonebridge on +61 2 9254 9900 or email enquiries@stonebridge.com.au

Download Sale Analysis here

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