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

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