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Coomera Shopping Centre Sold For $12.5 Million

160204-coomera

A private investor has purchased the Coles Upper Coomera Shopping Centre on the Gold Coast for $12.5 million on a passing yield of 6.78 per cent.

The sale of the property was negotiated by Savills on behalf of a private syndicate.

Completed in 2005, the Coles Centre Upper Coomera comprises a neighbourhood shopping centre and is located 26km north of Surfers Paradise.

The centre is anchored by a Coles Supermarket and is complemented by three specialty shops including a Brumby's Bakery, newsagent and bottleshop, as well as an ATM and DVD kiosk. The complex incorporates a total of 164 car parks at both ground and basement level.

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Article originally posted at: https://theurbandeveloper.com/articles/coomera-shopping-centre-sold-12-5-million