JLL and CBRE are pleased to present Katoomba Village for sale by way of Expression of Interest closing 3:00pm (AEDT), Thursday 10th April 2025.
Katoomba Village is anchored by a high-performing Coles & Liquorland, trading above benchmark. The centre is further complemented by five specialty stores, two kiosks, and two ATMs, offering a comprehensive convenience retail experience. With 84% of gross income underpinned by Coles & Liquorland, the centre offers a highly defensive income stream with a WALE of 7.5 years.*^**
Ideally situated off the Great Western Highway on Katoomba's prominent retail strip, Katoomba Village has established itself as a vital convenience offering in the region. The centre is easily accessible and is supported by 352 basement parking spaces and over 200 additional at-grade council car parks. This extensive parking provision delivers an impressive ratio of 6.5 bays per 100 sqm of gross lettable area, ensuring a seamless shopping experience for patrons.
Situated just 100 kilometres from Sydney's CBD, Katoomba benefits from excellent connectivity by both road and rail. The centre is nestled within the Blue Mountains is a World Heritage-listed region that attracts a diverse range of visitors locally, nationally, and internationally. As Sydney's leading natural tourist destination, the Blue Mountains draws an impressive 4.3 million annual visitors, generating over $1.2 billion in expenditure.^^
Investment Highlights
84% of gross income derived by Coles & Liquorland, providing a highly attractive WALE of 7.5 years.*^
Anchored by a rare 20-year net lease Coles & Liquorland, expiring in 2033 with 4 x 10 year options.***
Anchored by a strong performing Coles supermarket, trading above benchmark and forecast to pay percentage rent in 2027.**^^
Purpose built by Coles Group Property Developments in 2012, the centre provides an attractive convenience offering with 5 specialties and 2 kiosks.
Located at the heart of the Blue Mountains, Sydney's premier natural tourist destination, benefiting from $1.2 billion annual tourist expenditure.^^
Footnotes
All figures stated are approximate.
All references to distances are direct distances.
All references to financial information is estimated as at 31 May 2025
*Gross income excluding vacant income
^ WALE by income
**2024 Urbis Benchmark, single supermarket based shopping centre avg. tenant turnover (incl. GST)
^^LocationIQ Report, March 2025
***Tenant pays all usual outgoings excluding associated management costs
