A retail centre in Carina has changed hands in a fast sale after buyers moved quickly to secure the property. The high-exposure site on Old Cleveland Road sold for $6.1 million after just 10 days on the market, reflecting strong demand and competition for well-located retail assets in Brisbane’s east.
Strong Interest in Carina’s Retail Market
The Carina property, at 828 Old Cleveland Road, features a two-level building with 11 tenancies, anchored by fitness brand BFT Gyms. The 1,109-square-metre site earns more than $350,000 in annual net income and occupies a 1,486-square-metre corner lot in one of Brisbane’s most tightly held eastern corridors.
The sale, managed by RWC Retail’s Michael Feltoe and Lachlan O’Keeffe alongside RWC Gateway’s Marc Zietsman and Josh Jones, attracted multiple competitive offers within its first week on the market. The agents said the quick sale reflected limited supply in the local retail market and the way buyers are acting decisively when quality opportunities come up.
Third Time the Property Found Its Match
According to the sales team, this was the third time the property had been brought to market, and this campaign finally found the right balance of timing, audience, and strategy. The marketing effort drew multiple competitive offers, and the centre went under contract at the asking price, underlining strong buyer interest in Carina’s retail market.
The agents added that the outcome showed how the right strategy, audience, and timing can connect buyers with premium neighbourhood retail assets. The sale also adds to RWC Retail and RWC Gateway’s growing track record of premium outcomes for Brisbane retail properties, underscoring continued confidence in the city’s investment market.
Limited Supply Drives Faster Sales
The sales team noted that in tightly held suburbs like Carina, limited supply is prompting buyers to make quicker decisions. With fewer available retail properties and strong demand for quality centres, buyers are acting quickly when opportunities like this arise.
With 11 established tenancies, including a gym operator, the centre continues to provide a mix of services to customers in Carina and nearby suburbs, maintaining its role as a key part of the area’s local business landscape.
Published 10-Nov-2025
