CBRE New South Wales Retail Investments are pleased to offer for sale Entrada Shopping Centre a prime, inner Sydney neighbourhood Shopping Centre set to benefit from significant growth.
We outline below the key investment highlights:
- Sydney metropolitan neighbourhood shopping centre 5,569sqm*) anchored by a strong performing Coles Supermarket (3,529sqm*) on a 20-year lease until 2030
- Prime position in the heart of Parramatta CBD, one of the fastest growing regions in New South Wales, set to become the official 2nd CBD of Sydney
- Significant income upside available given low speciality rental levels 27% below the Sydney metropolitan benchmark (Urbis)
- Strategic location on the corner of the major arterial Church Street and Victoria Road, connecting Parramatta to the Sydney CBD, only 25km* to the East
- Defensive retailer tenancy mix, 100% leased to nondiscretionary tenants including; Liquorland, Subway, Medical Centre, Chemist and Montessori Childcare
- The only full line supermarket servicing a Primary Trade Area of 24,710^, set to grow at over 3.5% per annum reaching 36,910 by 2031^
- Affluent and young demographic conducive to retail expenditure, forecast to grow at 6.9% per annum reaching $1.8billion by 2031^
- Attractive 10 Year WALE
- Underpinned by ample 196 CBD car parks leased to Secure Car Parking
- Net Income of $2,396,000 per annum (currently fully leased)
Should you require any further information please do not hesitate to contact the Exclusive Sales agents CBRE New South Wales Retail Investments