Thriving NSW Neighbourhood Shopping Centre

  • $30,000,000/POA

Property Description

Investment Highlights

• Supercharged trade area with population growing at 5.1% p.a. from 2017-2021^
• Outstanding sales growth with Coles MAT growing at 7.6% compound p.a. since 2002^^
• Average Household Income in the Primary Trade Sector 50% above the non-metro NSW average^
• Supermarket performance and trade area growth would support expanded supermarket offering^
• Strongly performing non-discretionary tenancy mix combined with Coles continued growth and turnover rent
• Town centre location surrounded by community facilities, at the top of the local plan’s retail hierarchy
• Positioned 500m* from the train station and 25km* from the Newcastle CBD, in the heart of the Greater Hunter Region
• Adjoining council owned land is under-utilised and may present a long-term opportunity to create an integrated town centre
• Estimated fully leased net income of $2.05m p.a.*

*Approximate
^Location IQ Market Potential Report, August 2017
^^Stonebridge, estimate

Thornton Shopping Centre, NSW is for sale by Expressions of Interest closing Thursday 14th June 2018 at 4PM (AEST).

Property Code: 50

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