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Demonstrating the intense demand for commercial property in Redcliffe, the local Ashmole Road Shopping Village has been purchased by a Sydney investor for $4.35 million following a campaign that drew nearly 400 separate enquiries.
A Strong Bet on Local Growth
The recent sale of the neighbourhood shopping hub has highlighted intense investor belief in the Redcliffe peninsula’s future. The final price for the fully-leased centre reflects a tight 5.91 per cent yield, a figure that demonstrates the high value buyers are placing on assets in the area. The sale was managed by RWC Retail agents Lachlan O’Keeffe, Pablo Routledge, and Michael Feltoe.
According to Mr. O’Keeffe, the result underscores a major rebound in demand for well-located convenience retail centres, especially those with a proven history and a strong mix of tenants. This sale marks the eighth Brisbane retail centre sold by the agency in the current fiscal year, showing a clear trend of capital flowing into suburban commercial hubs.
The Anatomy of a Prized Asset
The Ashmole Road Shopping Village is more than just a collection of shops; it serves as a daily destination for the community. The 713-square-metre centre, situated on a prominent 2,280-square-metre corner block, is home to nine local businesses, including a convenience store, an Asian grocer, and a skin cancer clinic. Its design gives all tenants direct frontage to the car park, providing easy access for residents.
The property’s strategic location, just 500 metres from the home of the Dolphins NRL club, adds to its appeal. Its proximity to the Kippa-Ring train station and its position within the heart of the peninsula make it a vital piece of local infrastructure. For the new owner, the appeal was strengthened by lease agreements that guarantee four per cent annual rent increases, ensuring steady income growth.
A Market Turnaround Story
The successful transaction comes after a previous attempt to sell the property did not go ahead. Agent Michael Feltoe explained that when the centre was first taken to auction in late 2022, market volatility prevented a sale.
Since that time, he noted that more landlord-favourable lease terms were negotiated across several tenancies. This work behind the scenes significantly increased the property’s value in the eyes of potential buyers, allowing the new investor to see clear value and justify the multi-million-dollar price tag. The campaign attracted an enormous level of interest, with 393 enquiries logged before the property was ultimately sold.
Investment in a Booming Region
The sale is not just about a single property but is also a reflection of the entire Moreton Bay region’s trajectory. The area is one of the fastest-growing local government areas in Australia, with its population projected to swell by more than 42 per cent by the year 2041. This long-term demographic growth provides a solid foundation for local businesses and the investors who support them, ensuring centres like Ashmole Road Shopping Village will remain essential to the community for years to come.
Published Date 31-July-2025
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