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Underwood Centre 2898 Logan Rd 2,971 SF of Retail Space Available in Underwood, QLD 4119
Highlights
- High-exposure commercial location along Logan Road in Underwood.
- Multi-use complex with shared parking accommodating approximately 75 vehicles.
- Upgraded premises suitable for hospitality, retail, or service-based formats.
- Positioned approximately 2 minutes from the M1/Pacific Motorway with direct CBD and coastal links.
- Strong surrounding residential catchment delivering consistent customer traffic.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 2,971 SF | 1-3 Years | $13.10 /SF/YR $1.09 /SF/MO $38,904 /YR $3,242 /MO | TBD |
Ground
The tenancy spans approximately 276 m² and is configured as a fully licensed Mongolian BBQ restaurant with capacity for 150 patrons. Recently renovated about 16 months ago, the fit-out includes a commercial-grade kitchen, cool room, and full suite of food preparation and service equipment. The business currently operates evenings only, from Tuesday to Sunday, and features a cost-effective rental structure of approximately $4,500 per month including outgoings and GST. A new lease commenced in 2018 and includes one three-year option. The space offers a highly adaptable layout suitable for large group dining or private events and is supported by ample on-site and nearby customer parking. The premises are prominently positioned along a visible commercial strip within a high-traffic precinct surrounded by retail, supermarkets, and residential density. Listing is accompanied by sale of the Mongolian King BBQ Restaurant business. Price determined from Expressions of Interest.
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- Central Air Conditioning
- Recessed Lighting
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,971 SF | Property Subtype | Freestanding |
| Property Type | Retail | Gross Leasable Area | 21,528 SF |
| Total Space Available | 2,971 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 21,528 SF |
About the Property
The property at 2898 Logan Road is part of a high-visibility commercial complex strategically located in Underwood’s prime retail corridor. Designed for broad commercial use, the building accommodates multiple tenancies offering retail, office, and hospitality services across flexible configurations. The complex includes approximately 75 shared underground parking spaces to support customer accessibility, with the site benefiting from extensive exposure to Logan Road’s vehicular traffic. Positioned less than five minutes from the Pacific Motorway, it offers seamless connectivity to Brisbane CBD (approximately 20 kilometers to the north) and the Gold Coast corridor. A strong surrounding residential and business population, complemented by nearby shopping centers and service hubs, reinforces the property’s status as a key local dining and commercial destination.
- Recessed Lighting
- Monument Signage
- Air Conditioning
Nearby Major Retailers
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Underwood Centre | 2898 Logan Rd
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