A neighbourhood retail centre in Regents Park, anchored by SPAR Supermarket, Liquor Legends and Qualitas Health, has been listed for sale through CBRE agents Tom Lawrence, Fin Hume and Craig Chapman.
Located at 191 Waller Road, the 902 square metre single-level centre sits on a 3,233 square metre corner landholding with dual frontage to Waller Road and Renee Street. Fully leased across eight tenancies with a 4.2-year weighted average lease expiry, the centre generates an estimated net income of $427,774 per annum, with fixed annual rental increases across all leases ranging from 3.0 per cent to 4.0 per cent.
The three anchor tenants, SPAR Supermarket, Liquor Legends and Qualitas Health, collectively account for 56 per cent of total centre income. SPAR operates more than 300 supermarkets across Australia, servicing 13.5 million customers annually. Liquor Legends is one of Australia’s largest independent liquor groups with more than 350 sites nationally. Qualitas Health supports 250 practices across Australia, Malaysia and Singapore with a network of 1,700 doctors. Supporting tenants include Waller Road Pharmacy, Browns Plains Real Estate, Gluten Free 4 U, Laundry Today and Alpha Care and Share.
The centre was extensively upgraded in 2023 and 2024, with works including refreshed facades, new metal roofing, updated glazing, automated sensor-activated doors and new disability access ramps. The result is a clean, modernised neighbourhood centre with 36 on-site car spaces, rear tenant access and strong pylon signage on the corner of Waller Road and Renee Street. The centre zoning also allows for future development subject to council approval.
Mr Lawrence said the centre represented exactly the type of asset investors were actively seeking. “This is a well-established neighbourhood centre with a strong tenant mix, reliable income and genuine rental growth built in through fixed annual increases. Assets like this in tightly held suburban catchments continue to attract significant buyer interest.”
Mr Hume said the location was a key part of the investment case. “Regents Park sits within one of South East Queensland’s most significant residential growth corridors. Logan City is forecast to grow its population by 47 per cent to more than 500,000 residents by 2036, and this centre is directly positioned to benefit from that demand. There are no competing retail centres within two kilometres, which tells you everything about the trading environment here.”
Mr Chapman said the tenant profile gave investors confidence in the income stream. “You have SPAR, Liquor Legends and Qualitas Health collectively underpinning 56 per cent of total centre income, supported by a further five established local operators. The centre was also extensively upgraded in 2023 and 2024, so there is strong depreciation on offer and no near-term capital expenditure required.”
Regents Park is located 29 kilometres south of the Brisbane CBD within the Brisbane to Gold Coast growth corridor. The suburb is home to more than 11,000 residents with a median house price of $880,000, up 11.1 per cent over the past year. Eight schools sit within a three kilometre radius and healthcare is the largest local industry, underpinning consistent demand for the essential services the centre provides.
The property is offered for sale via Expressions of Interest closing 3pm AEST Wednesday 8 April 2026.
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