The Bell Central Shopping Centre at Mudgeeraba on the central Gold Coast is being offered to the market and is expected to attract keen buyer interest given the record weight of money currently targeting the popular neighbourhood retail sector.
The property is being offered for sale by joint marketing agents Savills’ Peter Tyson and Jon Tyson and Knight Frank’s Mark Witheriff and James Branch via an Expressions of Interest campaign closing in early July 2015. The 3,684sqm shopping centre was developed in 2006 and is prominently located on a 8,030sqm site in the Mudgeeraba “Village Heart” approximately 11km south west of Surfers Paradise.
Bell Central is anchored by a 2,218sqm Coles Supermarket with 15 specialty shops including food, services and professional tenancies and features car parking for approximately 200 vehicles. “We expect a strong buyer response to the offering due to the solid demand for neighbourhood class shopping centre investments” Peter Tyson said.
“We have seen a tightening in stock levels in this popular asset class over the past 12 -18 months, which is accentuated by the growing investor appetite and the current record low interest rate environment.”
“The fundamentals of the centre, including its well-established location and Coles Supermarket anchor tenancy, provide some of the key ingredients that buyers are seeking in the current market and we expect this opportunity to be highly sought-after by a wide range of investors,” Mr Witheriff said.