A private investor has bought the Morningside Plaza shopping centre in Queensland for $23.8 million.

The property was sold by Melbourne-based Lascorp development in a record yield deal brokered by Savills’ Peter and Jon Tyson.

The centre is anchored by Coles and is located 5km east of Brisbane’s CBD.

It is a 4,431 square metre centre with an enclosed mall with nine specialty shops and parking for 233 vehicles.

“Whilst Morningside Plaza was not for sale, we received an aggressively priced offer from a private investor to purchase the asset,” Savills’ Peter Tyson said.

“The buyer was seeking a suitable metro asset and was attracted to the long lease security from Coles the inner Brisbane location.”

It comes only several days after Coles Property Group sold one of its supermarket sites in Perth for $31.95 million to a private investor.

That 5,759sqm site also holds a First Choice Liquor store and is located around 10km south-east of Perth’s CBD.

Savills also negotiated that deal, under director of retail investments and services Chris Ireland.

“The distinct lack of stock in the premium-grade retail sector in WA ensured the asset was well received by a buyer pool that has previously been starved for high-quality offerings,” he said.