• Vibrant, dominant, 32,911sqm community shopping destination with an outstanding and diverse food and convenience offering, featuring strong performing Woolworths and Aldi supermarkets, a Kmart DDS, 10 mini majors and 59 specialities & kiosks with convenient parking for 1,061 vehicles
• Exceptionally high-profile 35,850sqm Sydney metropolitan site on Parramatta Road opposite Costco, with excellent exposure to some 44,069 passing vehicles daily*
• Strategically located within a burgeoning residential and employment hub, just 17km west of the CBD and 6km east of the Parramatta CBD, the geographical heart of Sydney, with a vast main trade area of 200,740 residents and robust forecast growth of 2.5% p.a. to 2031, almost double the Sydney average of 1.3% p.a.*
• Attractive main trade area retail expenditure of $2.2 billion with strong forecast growth of 5.9% p.a. to 2031, the food category accounting for 43% of total retail expenditure*
• The Centre underwent a $60m comprehensive redevelopment, completed in August 2015
• Secure cash flow with high occupancy and major tenant weighted average lease expiry of 16.2 years, offering potential repositioning, remixing and development opportunities to extract additional and ongoing value
• Fully leased net income of $9.4 million as at 1 April 2018
All figures above are approximate only
*Location IQ, March 2018
This exceptional investment offering is being formally offered through an on-market, EOI campaign, closing at 12 noon AEST on Thursday 3 May, 2018.
For further information on the sale process, please contact the exclusive agent, Simon Rooney of JLL.
