259 Ash Street

Flinders View QLD 4305

JLL is pleased to present for sale Winston Glades Shopping Centre - a dominant, near fully leased neighbourhood shopping centre strategically positioned within one of Southeast Queenslands fastest growing residential corridors at 259 Ash Street, Flinders View.Anchored by Drakes Supermarket (2,461sqm)*, the centre comprises 5,113sqm* of GLA and services a rapidly expanding Main Trade Area benefiting from substantial residential development across the Ripley Valley and surrounding Secondary East Sector. Key investment highlights include: 99% occupancy (by GLA, incl. LOOs) with a 4.28-year WALE (by income), providing secure and diversified income underpinned by essential service tenants. Defensive tenant covenant profile anchored by Drakes and supported by TerryWhite Chemmart, Caf 63, QML Pathology, Pizza Hut and a complementary specialty mix comprising approximately 70% of GLA as non-discretionary retail. Commanding 2.59ha* freehold landholding with over 350 metres* of frontage to Ash Street and exposure to approximately 14,950 vehicles per day. Rare trade area expenditure growth profile, with total retail expenditure forecast to increase at 6.3% p.a. from $816 million to $2.9 billion by 2046. Immediate value-add potential via two future pad sites (Tyre & Auto and Fast Food/QSR), benefiting from prime street exposure and dual access configuration. Limited supermarket competition within the Primary Trade Area, with Drakes operating as the only supermarket servicing the immediate catchment. Passing Net Income of $1,826,460 p.a.* with fully leased income of $1,916,460p.a.* and further uplift via pad site LOO. Winston Glades Shopping Centre represents a rare opportunity to acquire a dominant neighbourhood centre with secure income, embedded rental growth and significant land-backed development optionality within a high-growth Ipswich corridor.The property is offered For Sale via Expressions of Interest closing Wednesday, 1 April 2026 at 4:00pm (AEST).For further information or to access the due diligence data room, please contact the exclusive selling agents.*Approximate. As at 30 June 2026.