Centre is on the market

GLADSTONE Central has been placed on the market putting heed to rumours that the centre was in receivership.

The sale is under instructions from KordaMentha, Celtic Pacific Properties Pty Ltd and Gladstone United Pty Ltd.

Selling agents Peter Tyson of Savills and Jones Lang LaSalle’s Jacob Swan are appointed on three retail components of Gladstone Central, which include the NightOwl Centre, a convenience retail centre, an adjoining Supa IGA and cinema-anchored neighbourhood shopping centre, and a freestanding KFC restaurant, each on separate titles.

“Given the size and income generating capability of the different parts of the centre, as well as its position on a landmark site over three separate freehold titles on Dawson Highway, the offer to market is one that we are confident will be well received and represent a fantastic opportunity for the incoming owners,” Mr Swan said.

Also currently being marketed is the adjacent three-level Dicey’s Irish Pub Complex, and the pub business known as Dicey’s Irish Pub, which includes income from a liquor barn and two detached bottle shops.

“This unique offer affords buyers the flexibility to purchase the freehold land and existing pub business collectively or individually. The pub trades from the first and second floors, with the liquor barn on the ground floor. The other tenants of that part of the centre include Souvlakihut and TAB.

“Enquiries to date have been very positive and the market is clearly identifying the immediate benefits of a positive return and the ability to maximize growth. These assets offer a fantastic opportunity to drive the business to the next level,” Lachlan Asprey said.

“The strong economic backbone has resulted in Gladstone becoming self perpetuating as more industry and business looks to the central Queensland town. Major industries within the Gladstone region include Queensland Alumina Refinery; Boyne Smelter Limited; Rio Tinto Alcan Yarwun Refinery; Holcim; Orica; Queensland Energy Resources Limited; and Stuart Oil Shade Project formally owned by the Southern Pacific Petroleum,” he said.

All these parts of Gladstone Central are being offered for sale either individually, in combination or as a whole via an Expressions of Interest Campaign closing on Thursday, October 7.

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