Prized Neighbourhood Centre in an Intensifying Lower North Shore Precinct
- $45,000,000/Contact the Stonebridge Team
Property Description
Stonebridge is pleased to exclusively present for sale Coles Crows Nest (The Albany), a fortress Coles-anchored neighbourhood centre located in Sydney’s tightly held and rapidly intensifying Lower North Shore, only 5 km* north of the CBD and 450m* from the metro station.
The key investment highlights are as follows:
– Anchored by a full-line Coles, trading 14% above benchmarks^, Liquorland plus 3 specialty shops, childcare centre & car wash
– Prized Sydney metro location with strong forecast population growth of 1.5% p.a. to 2042 (vs Greater Sydney avg 1.2%)
– 7.2-year WALE (by area) & 97% of income secured by national tenants
– Affluent catchment with per capita incomes 51% above Greater Sydney avg^^
– Oversized, income-generating car park with 206 rare on-title car parks (3.9 cars:100 sqm* GLA)
– Completed in 2018 by PAYCE as part of a luxury mixed-use development, with potential depreciation benefits
– Estimated fully leased net operating income of $2.40 million p.a. as at December 2025
Coles Crows Nest (The Albany) is offered for sale via Expressions of Interest, closing 4pm (AEDT) on Wednesday 22nd October 2025. To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
^Urbis benchmark for “single supermarket-based shopping centres”
^^Location IQ
*Figures are approximate only
Our Ref: Shopping Centres
Property Code: 1438












