The sale of Bardon Central has just been settled, for $8.85 million, and ownership is now in the hands of a private investor.
An Expressions of Interest campaign was run by Jon Tyson and Michael Harcourt of Savills which generated more than 130 enquiries and fielded multiple offers from both local and interstate buyers.
The deal to acquire the retail and commercial complex along MacGregor Tce was actually struck in March, with pricing that reflected pre-coronavirus levels. The listing specifies the net income of Bardon Central to be at $616,290 per annum.
As an established, modern convenience retail and professional centre, Bardon Central is known locally for its mix of tenants that residents of the affluent suburb find convenient and accessible. The centre is situated on a 2,208-sqm lot, with a basement parking facility that can accommodate up to 56 cars.
Anchored by a Friendly Grocer Convenience Supermarket, the centre also has multiple retail tenancies and professional tenants such as a bakery, a hairdresser, pizza takeaway shop, a day spa, Lutece Bistro & Wine Bar, a financial planner and a physiotherapist.
“MacGregor Tce is also a very busy road … a lot of people use that road and so the property is exposed to a high level of passing traffic and potential trade,” Mr Tyson said.
Bardon is an affluent, well-established, and tightly held suburb in Brisbae’s inner West. It is located within 4 kilometres of Brisbane’s CBD. The median income in Bardon is 80% higher than the Queensland average.
The suburb is situated in a highly desirable area of inner-western Brisbane. Much of Bardon is accessible to MacGregor Terrace, where Bardon Central is located. MacGregor Tce is the main road which links Bardon to its adjacent suburbs like Toowong, Auchenflower, Paddington, Ashgrove and The Gap.