A private investor has purchased the fully leased Pines Point Shopping Centre in Pacific Pines on Queensland’s Gold Coast for $8.1 million.
The transaction was negotiated by Burgess Rawson’s Andrew Havig and Josh Scapolan, who said the property attracted outstanding interest from a wide pool of buyers.
Mr Havig said more than 150 enquiries and six formal offers were submitted, reflecting the strength of demand for quality retail centres in key growth corridors.
Mr Scapolan added, “The security of long-term tenants on net leases and the centre’s high-exposure location made it an appealing proposition for investors seeking stable income and capital growth.”
Positioned on a prominent 2,910sqm freehold site at 25 Pitcairn Way, the high-quality 858sqm neighbourhood centre sits within one of the Gold Coast’s most active residential precincts. With over 60,000 residents living within a 5km radius and direct access to the Pacific Motorway—used by more than 150,000 vehicles daily—the centre is ideally located to benefit from ongoing population and infrastructure growth.
Constructed in 2012, the property includes 52 on-site car parks and offers strong depreciation benefits. It is anchored by a diverse mix of longstanding tenants including Domino’s, Coronis Real Estate, Sandy’s Bar & Grill and Pure Aqua Pool Care. All leases are on net terms with fixed annual increases ranging from 2.75% to 4%, generating a current net income of $535,706 per annum (as at May 2025).
The sale of Pines Point Shopping Centre reinforces the strength of investor appetite for retail assets underpinned by secure cash flow, especially in regions such as the Gold Coast, where significant residential expansion and planned infrastructure are expected to drive long-term growth.
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