Local shopping centre and childcare complex ‘Maudsland Village’ has been sold for $2,875,000 by Jim Payne of Ray White Commercial Southport.
The marketing campaign produced 50 enquiries from local and interstate buyers however a local Gold Coast company was the successful purchaser.
Properties of this calibre are hard to find and when they do come on the market are keenly sought after.
The complex was developed and opened in 2008 and sits on 4,925m²* of land, directly opposite the Coomera Lodge Hotel which is located on the Coomera River.
The shopping centre comprises 10 shops and currently has 7 tenancy areas with a total net lettable area of 718m²*. Level 1 consists of 210m²* of office space in 2 areas, fully let.
The separate freestanding Childcare operation is 822m²* in building area and accommodates 100 kids in two sections. The “Munchkins” childcare centre is a well run and very successful operation which enjoys a large residential family area to draw from.
The concept of a childcare and shopping/office complex is a major consumer attraction in this fast developing local community, creating traffic in its own right.
* approximate only
In the dynamic and ever-evolving world of real estate investment, one key decision can make all the difference in the success of an investor’s portfolio: the choice of their management team.
A retail development site in the heart of Perth’s CBD has sold for $48 million. The 1,705sqm site at 96 and 110 William Street, and 255 Murray Street Mall was marketed by RWC WA agent Brett Wilkins.