Stonebridge Property Group’s Alex James-Elliott and Steve James have successfully transacted Myer Dubbo in New South Wales. The historic retail landmark provides over 60m of prime frontage to the main retail strip along Macquarie Street in the heart of Dubbo.
The 1.11 ha* town centre site is 100% leased to ASX-listed Myer and represents one of the region’s most prominent and historic retail landholdings. The Expressions of Interest campaign generated 105 enquiries and 4 offers, culminating in a successful sale to a private investor. The building was sold with a sale and lease back, ensuring that the company will remain a fixture in the community for many years to come.
“This sale reinforces the strong appetite for freestanding assets with blue-chip tenancy profiles,” said Stonebridge Director Alex James-Elliott
For more information, please contact the team below:
Alex James-Elliott | +61 407 651 373 | ajameselliott@stonebridge.com.au
Steve James | +61 415 411 215 | sjames@stonebridge.com.au
About Stonebridge
Stonebridge Property Group is a leading broker of Shopping Centres, Large Format Retail and Supermarkets across Australia. Stonebridge transacts over $2.2 billion of commercial real estate per annum via its domestic and international database of private and institutional investors.
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