ANOTHER MAJOR GOLD COAST CENTRE HITS THE MARKET
INVESTORS are set to run the rule over a Miami shopping centre hitting the market.
The fully-leased Miami One Shopping Centre, located on a 7829sq m Gold Coast Highway site, bordered by Toombul and Nundah avenues and Sunshine Pde, is being sold by Ham Bros Pty Ltd.
Ham Bros, linked to Brisbane investor Justin Ham, paid $14.1 million for the shopping centre in 2012.
The centre, located in the three-building Miami One mixed-use complex, is anchored by a 2248sq m Coles supermarket and also features 28 specialty stores, two ATMs, four food offerings, and six kiosks.
Tenants in the centre, which is situated below apartment buildings, include Liquorland, Chempro and Zarraffa’s Coffee.
It is being marketed by JLL’s Sam Hatcher and Jacob Swan, together with Stewart Gilchrist, of Colliers.
“The opportunity to purchase a shopping centre, anchored by an 18-year lease to Coles in a well-established suburb and popular tourist region, will not be lost on the market,” Mr Hatcher said.
“We expect strong interest from investors, syndicators and fund-management groups, which are still actively seeking to invest in neighbourhood shopping centres, with competition for quality centres remaining strong,” added Mr Swan.
The campaign follows The Strand Coolangatta shopping centre hitting the market. An expressions-of-interest campaign closes on July 5.