65 Frenchs Road
Petrie, QLD 4502

Overview

Main Road Retail Centre Anchored by IGA with Additional Unimproved Land for Development Upside!

Located on the corner of Frenchs and Beeville Road, this property features a fully tenanted retail centre of approximately 1,756 square meters situated on a substantial 1.06 hectare parcel of land with an impressive 207 meters of frontage. The retail centre is anchored by a prominent IGA Supermarket and includes a diverse mix of tenants such as BWS, Discount Drug Stores, and a Vet Clinic, spread across thirteen shops with nine tenants in total.

The property generates a true net rental income of $428,809 per annum plus outgoings and GST, with a weighted average lease expiry (WALE) of 6.18 years on area as of September 2026. This stable income stream is supported by recoverable outgoings, excluding land tax, providing a secure investment opportunity.

In addition to the retail centre, the site includes approximately 2,700 square meters of unimproved land on title, offering significant development potential. This balance land benefits from a Community Activities and Neighbourhood Hub zoning overlay, which permits commercial uses such as childcare centres, kindergartens, and community centres, subject to council approval (STCA).

Key features of this property include:

• 1,756 square meters of fully tenanted retail space on a 1.06 hectare corner site
• 207 meters of frontage with dual driveway access, enhancing accessibility and exposure
• Nine tenants operating across thirteen shops, providing a diversified tenant mix
• True net income of $428,809 per annum as at September 2026
• WALE of 6.18 years on area, indicating long-term lease security
• All outgoings are recoverable, excluding land tax, supporting net income stability
• 2,700 square meters of unimproved land with zoning that supports commercial development opportunities such as childcare and community facilities (STCA)

The Information Memorandum, additional lease details, and documentation are available upon request. Offers to purchase for the site close at 4pm on May 22nd, 2026.

This property represents a rare opportunity to acquire a well-established retail centre with a strong tenant base and additional land for future development in a strategic location. Interested parties are encouraged to conduct their own due diligence and inspections to fully appreciate the value and potential of this asset.

Disclaimer: While every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Location