Sell with Confidence
Read More

Retail sale, 226 Shute Harbour Road, Cannonvale

By Mark Beale

SCA Property Group has exchanged contracts with a private investor group to buy the Whitsunday Shopping Centre in Airlie Beach. 

Just over 1km from the town centre, it is anchored by a Coles, Target Country and 46 specialty shops.

The centre, purchased on a passing yield of 7.25 per cent and with a two year rental guarantee from the vendor, is due to settle on Friday.

SCA said the centre’s acquisition would be funded by cash and debt facilities.

PRICE: $46.98m

BUYER: SCA Property Group

YIELD: 7.25 per cent

AREA: 11,043sq m (gross lettable area)

AGENT: Jacob Swan and Sam Hatcher, JLL Queensland

Up to Date

Latest News

  • Ray White Whitsunday E-News – 18th February 2021

    Dear Welcome once again. Encouraging signs for those selling their properties now with our internet inquiries still increasing with an average of 62% increase compared to 4 weeks ago. Of course, looking at this objectively, the number of inquiries is normally directly related to the amount of stock we carry … Read more

    Read Full Post

  • Is The Pandemic Driving Regional Property Growth?

    Internal migration has seen a net decline of 32,346 people in metro areas in just nine months up to September 2020, but the actual trend to move rural started well before the COVID pandemic, an industry expert has revealed. ABS data released in February showed the nation’s capital cities had … Read more

    Read Full Post