High Performing Coles Anchored Neighbourhood Centre Located In Major Regional NSW Economic Hub
- Fully leased net income $1.064 p.a*
- Strong performing Coles supermarket
- Coles covenant secures 84% of centre GLA
Stean Nicholls is excited to offer for sale a 100% interest in North Albury Shopping Centre, a Neighbourhood Centre anchored by a full-line Coles supermarket and Liquorland, located within Albury-Wodonga, one of Australia’s largest regional cities.
North Albury Shopping Centre is strong performing and well-established, consisting of 3,949 square metres of lettable area. The full-line Coles supermarket and Liquorland covenant accounts for 84% of the total centre GLA.
The Centre offers a defensive income stream with 89% of gross income secured by national and chain tenants. The balance is derived from non-discretionary and service-based specialty retailers, majority of which have traded for an extended period of time.
The Centre occupies a strategic 12,430sqm corner site zoned B3 Commercial Core. The convenient 166 ‘at grade’ car spaces are accessed via each of the three extensive street frontages.
For Sale by Expressions of Interest closing Thursday 18 July 2019 at 2pm (AEST)
*All figures contained herein are approximate only
^Location IQ June 2019