Ray White Now 2025 – Local Reports
Click here to view the Airlie Beach report. Click here to view the Proserpine report. Click here to view the Bowen report. Click here to view the Whitsunday report.
We bring the whole team to give you a powerful advantage
Learn More
Learn More
News
Retail sale, 226 Shute Harbour Road, Cannonvale
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
http://www.theaustralian.com.au/business/property/qld-retail-sale-226-shute-harbour-road-cannonvale/story-fnitinnf-1227303931141?sv=7c49823da3de40d55d6b60243136897d
Share:
Latest News
National prices pause but the strongest markets continue to outperform
Australia’s housing market shows two-speed performance. Major east-coast capitals stall while Perth, Adelaide and regional areas continue climbing. Supply shortages fuel outperformers as auction competition cools nationwide. Australia’s housing market levelled out in November, with both national house and unit prices unchanged over the month at $940,000 and $710,000 respectively. … Read more