Flagstone Central Shopping Centre hits the market

A near new, dual supermarket-anchored neighbourhood shopping centre in one of South-East Queensland’s most prominent growth corridors has been listed for sale.

Opened in 2020, Flagstone Central Shopping Centre is a 9,528sqm neighbourhood shopping centre anchored by Woolworths and ALDI (opened in 2024), complemented by a diverse and resilient income profile including Terry White Chemmart, Anytime Fitness, EG Fuels, Splash Learn to Swim Centre plus 28 specialties.

CBRE’s Michael Hedger, Joe Tynan and Mikaela O’Farrell have been exclusively appointed to manage the on-market sale process on behalf of Stockwell Private Capital.

Located on a land-rich 3.29-hectare corner site, the centre is strategically positioned at the roundabout of Bushman and Homestead Drive offering excellent accessibility with three entrances surrounding the large land holding while also offering flexibility with three titles.

Mr Hedger said, “Flagstone Central has cemented itself as the dominant centre within the Flagstone Main Trade Area. With all major supermarkets already represented, this centre is poised for continued growth.”

Located 40km south of Brisbane, the centre is located on the border of the Flagstone Priority Development Area which is expected to house over 138,000 people and over 50,000 additional dwellings.

Mr Tynan said, “We continue to see an increased depth of capital targeting opportunities like Flagstone Central. Dual anchored, near new shopping centres are rarely offered to market and we expect strong interest given its strategic location in a Priority Development Area that is supported by strong population growth fundamentals.”

Ms O’Farrell added, “With the continued increase in construction costs, investors are looking for centres with significant depreciation benefits and the opportunity to purchase well below replacement costs which Flagstone Central offers.”