Brisbane growth corridor QSR investment collects $8.2m
Griffith Group is the latest developer to sell a new quick service retail investment at a sub six per cent yield.
The 7-Eleven and Subway on 3723 square metres at Ripley, a south west Brisbane growth corridor, traded for $8.15 million following an Immediate Offers to Purchase Campaign.
The result reflects a 5.63 per cent net passing yield.
The incoming owner will also be able to claim depreciation benefits.
“Investor demand for fuel and convenience retail has surged in 2025 with interest in Ripley far surpassing comparable campaigns in recent years and strong buyer depth at yields significantly below six per cent,” Stonebridge Property Group’s Tom Moreland, who brokered the deal with Michael Collins, Harry Curtain and Thomas Proberts, said.
The property is also high-profile, passed by over 20,000 vehicles a day.
The deal comes a fortnight since a modern Keysborough, Melbourne, service station sold for $11.07m – $2.5m over reserve and a 4.6pc yield.
Also last month we reported assets of this type in Perth, offloaded by Leyton Funds, and in Melbourne’s south east Clayton exchanging, again for six-to-seven per cent returns.
Ripley is about 40 kilometres from town
Subscribe to our newsletter at the bottom of this page.
