IGA Marketplace Ascot Goes On the Market After Extensive Renovation

IGA Marketplace Ascot
Photo Credit: Google Maps screengrab

Did you know that IGA Marketplace Ascot is now up for auction, with a brand-new, 20-year lease?



In 2022, HG Retail relaunched IGA Marketplace Ascot after taking over the old supermarket, following an extensive $4-million renovation. The location was previously the site of the long-standing Sirrani’s, the popular Ascot supermarket that closed business after 55 years.


 
 


The IGA relaunch entailed refitting the supermarket and adopting a state-of-the-art facility, complementing the suburb’s demographic.

Located five kilometres from the CBD in one of Brisbane’s most upmarket suburbs, IGA Marketplace Ascot is near four in-demand schools thus guaranteeing a significant number of traffic regularly. 

“This is an ultra-rare opportunity to purchase a prestigious freestanding supermarket investment with a brand new 20-year lease,” Michael Feltoe of Ray White Commercial said.  

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“The long-term guaranteed income growth, combined with the prized location and site’s long supermarket history, will give buyers great confidence in this trophy asset.”




The auction is set for Wednesday, 19 April 2023, at 10:00 am, at 111 Eagle Street, CBD.

Published 11-April-2023