298-328 Bayliss Road, Heritage Park, Qld 4118

CBRE are pleased to offer to the market 298-328 Bayliss Road, Heritage Park QLD 4118 for sale via an Expressions of Interest campaign.
 
The investment has the following highlights:
 
+ Rare opportunity to acquire a 1.14ha* metro Brisbane site with a 988sqm* NLA retail complex & a freestanding 75 LDC place childcare centre
+ Anchored by Friendly Grocer (300+ locations) & Children's Choice Early Education Centre, underpinning 60% of the site's income
+ Friendly Grocer: Operating for over 60 years in Australia & with 300+ stores in QLD, NSW, ACT & VIC, and trading on-site for 12+ years
+ Children’s Choice: Local childcare operator with a network of two (2) centres across Brisbane, secured on a twenty-one (21) year net lease to 2038, plus two (2) further ten (10) year options to 2058
+ Supported by well-established non-discretionary operators including Café at Bayliss, Fisherman's Daughter Fish 'n' Chips and Born Pretty Hair & Beauty 
+ Mixture of CPI and fixed annual rental increases of 3% across all leases, allowing for consistent rental growth 
+ Landmark 1.14-hectare* site with favourable ‘Centre‘ zoning, providing significant underlying land value and flexibility for a range of future redevelopment outcomes (STCA)
+ Exceptionally low site coverage of approximately 13.3% of total site area, offering investors substantial re-positioning potential 
+ Incoming lease expiries supported by option periods with market reviews, provide a clear pathway for future rental uplift and income growth 
+ Expansive 261.5m* of frontage to Bayliss Road and 100+ on-site car spaces, allowing for ease of access for customers 
+ Strategic positioning within an area of limited competition with no opposing retail centres within a 1.5km* radius of the centre 
+ Heritage Park is a significantly under-supplied childcare location, with a ratio of 3.2 children (0 - 5 years old) per LDC place (1)
+ Positioned in a prime residential precinct, with 100,000+ residents & 9,000+ children aged 0 to 5 within a 5km* radius, supporting the strong trade of both the retail complex & childcare centre (1)
+ Located 22km* south of Brisbane CBD within a significant Brisbane/Gold Coast residential growth corridor, with an additional 70,000 new dwellings forecast for Logan City by 2031* (2)
+ Logan City Council: second fastest growing LGA in South-East Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion committed in future capital works projects* (2)
+ Brisbane: home of the 2032 Olympics and the third largest city in Australia, with a population forecast to grow 28.04% to $3.288 million residents by 2035 (2)
+ Estimated Fully Leased Net Income: $463,024 pa* + GST

To be sold via Expressions of Interest
Closing 4pm (AEST) Wednesday 23 September 2026

Please contact the exclusively appointed sales team for more information.

(1) GapMaps
(2) Queensland Government