- Jun 12th 2018
In another successful development on behalf of a local investment group, Blue Commercial has sold the site, preleased the development, and will sell the investment created on completion.
The site was purchased from Lend Lease Communities for a local investment group to develop a swim school and café to service the fast growing Yarrabilba township. Little Snappers Swim School have leased the swim school for a 10 year term and an operator is now being sought for the café.
The development is surrounded by new projects now underway. These include a local gym, a vet hospital and a large day hospital. The adjacent swim school and a number of other developments under construction will ensure demand for the café operator. Yarrabilba is one of Queensland’s fastest growing areas, including four new schools, supermarket based shopping centres and a number of child care operations.
This freehold investment will be available for purchase on completion, with WALE of 9 years plus and a purchase price of just over $2M.