D-BAY CENTRE 'SPRUCE UP' LURES TENANTS
A LARGE format centre north of Brisbane is filling up, with a leading discount retail chain setting up shop.
Silly Solly's has secured a five-year lease with an option over three tenancies at the centre on 7-9/657-659 Deception Bay Rd, Deception Bay, after a deal struck by Raine & Horne Commercial's Michael Schafferius and Trent Bruce.
Mr Schafferius said Silly Solly's opened its doors - between Life Without Barriers and Sarina Russo - at the end of October, which gave the shopping centre a boost.
"Population growth in Brisbane has contributed to growing interest in the Moreton Bay Region over the last year and as a result we have seen retail chains like Silly Solly's looking to expand their footprint in the area," he said.
The discount chain will pay about $185,000 a year gross plus GST.
Mr Schafferius said the property was vacant for some time. "The shopping centre suffered with North Lakes opened with businesses like Betta Electrical and Metro Tiles moving," he said.
"But the new owners of the centre have spruced it up and it has definitely made a comeback. A big attraction is the 105 car parks on site."
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