Centre for sale in growth suburb

A major retail centre is up for sale in one of the fastest growing areas of Moreton Bay region.

Colliers and JLL are taking expressions of interest (EOI) for Morayfield Village, the centre on 6916sqm at 177-189 Morayfield Rd.

It has 96 per cent occupancy with brands including Repco, Mr Toys, Choice The Discount Store, Bank of Queensland and Subway.

There is also six other retailers and 269 car parking spaces on the 1.7-hectare site beside Morayfield Shopping Centre.

Colliers Retail Middle Markets Associate Director Harry Dever said being one of Queensland’s fastest-growing regions, where retail trade hit $2.8 billion last year, would be a drawcard.

“Morayfield Village is a tightly held retail asset that offers immediate income security and long-term development upside in a corridor undergoing sustained economic and population growth,” he said.

Colliers Head of Retail Middle Markets James Wilson said Queensland’s retail sector is being driven by household goods.

“Large Format Retail has proven to be one of the most resilient and in-demand sub-sectors nationally, particularly in high-growth corridors like Morayfield,” he said.

JLL’s Retail Investments Associate Director Ned McKendry said with site coverage of 40.63 per cent, Morayfield Village had “clear potential for redevelopment, expansion or repositioning”.

It is being offered for sale via EOI closing 2pm, August 21, 2025.

Colliers have also handled the $8 million sale of a 5.05-ha development site in Morayfield to Trask Land.

The property at 74-80 Nairn Rd had more than 130 inquiries and 12 offers. Trask already had the land on both sides of this site.

Zoned ‘Emerging Community’ under the Moreton Bay City Council Planning Scheme, the site has potential for residential subdivision, subject to council approvals.