Market Plaza is a fully leased shopping centre anchored by Coles with net income of $1,700,000 approx. The property also consists of 18 specialty shops, including a long term lease to ANZ Bank. Opportunity for value lies in the rental increases, significant depreciation allowances, potential development opportunity and substantial growth in surrounding areas. The property is situated on a significant 9,707 square metres of land with a Gross Lettable Area of 4,338.5sqm and 218 car spaces (including 194 basement level undercover spaces.) Located close to Liverpool in the growing suburb of Chipping Norton, it represents a great investment in the greater Sydney region.
- Valuable depreciation allowances
- Good growth in Coles turnover reaching close to 10% pa
- 100% Leased - $1,700,000 approx. net income pa
- Anchored by Coles with a 20 year lease commenced in December 2007
- 10 + 5 year lease to ANZ Bank commenced in December 2007
- 18 specialty shops + 218 parking bays
- GLA: 4,338.5sqm | Land area: 9,707sqm
- Development opportunity (STCA). FSR 1.5:1. Height 18m
