Crestwood Plaza 458 Olsen Avenue, Molendinar, Qld 4214

Colliers are pleased to present an exciting opportunity to acquire 100% interest in Crestwood Plaza, a strategically positioned neighbourhood shopping centre, located within metropolitan Gold Coast, approximately 6* kilometres north of Gold Coast CBD and 65* kilometres southeast of Brisbane CBD.

The Neighbourhood Shopping Centre is anchored by Supa SPAR and supported by an additional twenty-three (23) specialty tenancies totalling 3,848m2 of NLA. Crestwood Plaza offers investors an opportunity to acquire a rare neighbourhood centre in the heart of the Gold Coast, one of the fastest growing cities in Australia.

The Centre boasts a secure long WALE of 4.30 years by Income, with national and chain tenants accounting for 75% of GLA and 71% of Income. With a low site coverage ratio of 31.5%* and specialty rents 39* below the 2023 Urbis Benchmark, Crestwood Plaza is primed for future development and value add opportunities.

• Securing Offering with 75% of GLA and 71% of Income secured by national or chain tenants
• Affluent Area with Average household income 5.5% above the Queensland average¹
• Booming Population with Gold Coast population forecast to reach 940,000+ residents by 2041²
• Significant exposure with 240m of frontage along Olsen Avenue servicing 42,000+ vehicles daily³

Expressions of Interest closing 2.00pm (AEST) on Tuesday, 2 July 2024.

¹ ABS
² Urban Development Institute of Australia Queensland
³ Infrastructure Australia
*approx.