Prime Located Neighbourhood With Significant Upside
- $35,000,000/POA
Property Description
Strong performing Coles anchored convenience based neighbourhood centre with B2 Local Centre zoning
Newly refurbished Coles Supermarket (Leased until 2027 + options) plus 25 specialty shops and 3 ATMs over a total area of 7,244 sqm*
Prime metropolitan location with a highly affluent catchment, only 2km* south of Newcastle CBD and within close proximity to Bar and Merewether beaches
Positioned in the heart of a well-established, affluent precinct with increasing density
Value-add potential through tenant re-leasing and tenancy repositioning and potential future mixed use opportunities (S.T.C.A)
Fully leased net income of $3,073,000 per annum (forecast 31 December 2014)
*Approx.
Our Ref: Retail Investments, Shopping Centre
Property Code: 46



