Wynnum Shopping Centre

Property Summary as at June 2020

Ownership
100%
Acquisition date
2015-2016
Site Area
6,145m2
Total area (NLA)
5,388m2
Occupancy
100%
WALE (income)
11.8 years
Tenant/s
Woolworths
Brisbane City Council
Value Range
$30-$40 million

Located in the business district of the bayside suburb of Wynnum, 145 Florence Street continues to derive a steady and sustainable income stream from the two major tenants, Woolworths and Brisbane City Council.

The asset provides sector diversification to the portfolio as the leasing profile is underpinned by a full-line supermarket. Non-discretionary retail has performed strongly in 2020, and as a result CBIC has avoided the negative impacts felt by landlords with large allocations to discretionary retail.

145 Florence Street provides an improved retail offering to Wynnum and delivers strong social benefits, through the parkland adjacent to the development and the state of the art library facility.