Stonebridge Property Group has brought two convenience-based neighbourhood shopping centres in northern Brisbane’s growth corridor, Deagon Marketplace and Kallangur Fair, to the market.
The assets are available for purchase either individually or combined as a single portfolio.
The properties come to market amid recent changes to capital gains tax legislation introduced in the federal budget, which brokers indicate could appeal to investors targeting cash-flow-positive retail investments.
Both locations maintain near-total tenancy, supported by long-term leases with major supermarket anchors.
“This offering comprises two affordable, high-quality convenience centres with complementary components – a secure, long-wale land bank intensification play at Kallangur Fair, with Deagon Marketplace offering a higher yield and fixed rental growth across the entire cashflow,” said Carl Molony at Stonebridge.
“We expect South East Queensland to remain highly attractive to investors, driven by strong population growth and significant infrastructure investment ahead of the 2032 Olympic Games. These long-term economic and demographic trends will continue to support the state’s future growth,” said Harrison Coburn, partner at Stonebridge.
According to the group, Deagon Marketplace and Kallangur Fair can benefit from sustained population growth and ongoing infrastructure developments tied to the upcoming 2032 Brisbane Olympic Games.
Kallangur Fair
Located 30km north of the Brisbane CBD, Kallangur Fair is a 4714sqm neighbourhood retail hub situated on a 1.58ha plot. The complex is entirely occupied and functions under a nine-year weighted average lease expiry (WALE).
A full-line Woolworths supermarket anchors the property with a lease securing the space until June 2037.
The site is positioned within four kilometres of The Mill at Moreton Bay, a 460ha priority development zone centred around the University of the Sunshine Coast. Due to its location and flexible zoning layout, the land parcel maintains long-term mixed-use redevelopment and site intensification potential.
In addition, a Woolworths click-and-collect and direct-to-boot infrastructure upgrade is scheduled to begin operations at the site in late 2026.
Deagon Marketplace
Situated 18km north of the Brisbane CBD and 1km from Deagon railway station, Deagon Marketplace comprises a multi-level layout spanning 6061sqm of lettable area on a 1.41ha footprint.
The property currently records a 98.1 per cent occupancy rate and a 4.1-year WALE, generating approximately $2.2 million in annual rental yields.
The facility is anchored by independent grocery operator Fresh & Save on a 15-year lease agreement.
Following a $2 million store renovation completed by the tenant in 2024, site management recorded a 40 per cent increase in supermarket sales volumes. About 58 per cent of the centre’s total floor space is allocated to defensive tenancies, including medical facilities, wellness services, and national mini-majors such as Club Lime, Good Price Pharmacy Warehouse, and Rackley Swim School.
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