Repco-Anchored Morayfield Village Listed as Demand for Seq Large Format Retail Surges

Colliers and JLL list high-performing retail asset in Brisbane’s growth corridor

A high-performing retail asset in one of South East Queensland’s most dynamic growth corridors has hit the market, with Colliers and JLL appointed to sell Morayfield Village – a large format retail and convenience centre anchored by national and global tenants.

Located at 177–189 Morayfield Road, the 6,916sqm single-level centre is positioned on a prominent 1.7-hectare site adjoining Morayfield Shopping Centre and benefits from 165 metres of arterial road frontage, servicing more than 25,000 vehicles daily.

The Expressions of Interest campaign is being led by Harry Dever and James Wilson of Colliers, together with JLL’s Ned McKendry and Jacob Swan on behalf of valued client Gordon Corp.

Morayfield Village boasts 96 per cent occupancy and a WALE of 5.58 years by income. The tenancy profile is anchored by leading national and international brands including Repco (NYSE: GPC), Mr Toys, Choice The Discount Store, Bank of Queensland and Subway, supported by a further six (6) complementary retailers and serviced by 269 on-grade car parks.

Colliers Retail Middle Markets Associate Director Harry Dever said the asset’s position within Moreton Bay, one of Queensland’s fastest-growing regions, would be a key drawcard for investors.

“Morayfield Village is a tightly held retail asset that offers both immediate income security and long-term development upside in a corridor undergoing sustained economic and population growth,” Harry Dever said.

“Retail trade in the Moreton Bay region reached $2.8 billion in 2024 and continues to benefit from record interstate migration, infrastructure investment and housing growth.”

Colliers Head of Retail Middle Markets James Wilson said Queensland’s retail sector continues to outperform, driven by household goods demand and limited new Large Format Retail supply.

“Large Format Retail has proven to be one of the most resilient and in-demand sub-sectors nationally, particularly in high-growth corridors like Morayfield,” James Wilson said.

“The asset’s strong income profile, prominent positioning, and future flexibility make it an attractive opportunity for private, institutional, or offshore capital.”

JLL’s Retail Investments Associate Director Ned McKendry said with current site coverage of just 40.63 per cent across the 17,020sqm landholding, the site offered clear potential for future redevelopment, expansion or repositioning.

“Morayfield Village presents investors with both income stability and substantial development upside, underpinned by favourable zoning and low site coverage—all at a price well below replacement cost.” Ned McKendry said.

JLL’s Retail Investments Senior Director, Jacob Swan, highlighted that Morayfield Village’s location adjacent to the high-performing Morayfield Shopping Centre not only drives substantial foot traffic but also solidifies its position as the dominant core retail hub within the Morayfield catchment.

“Refurbished in 2021 with recent additional capital works, Morayfield Village offers immediate depreciation benefits and minimal near-term capital expenditure risk for incoming investors” Jacob Swan said.

Situated just 46 kilometres from Brisbane’s CBD and 61 kilometres from the Sunshine Coast, Morayfield forms part of the high-growth Northern SEQ corridor. The Moreton Bay LGA alone is expected to welcome more than 308,000 new residents by 2046.

Morayfield Village is being offered for sale via Expressions of Interest closing 2:00pm (AEST) on Thursday, 21 August 2025.