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20 Victoria Road
Parramatta NSW 2150
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Sold on 12 Jul 2017

20 Victoria Road Parramatta NSW 2150

  • Shop & Retail
  • 5,569 m²
  • Sold

SYDNEY METROPOLITAN SHOPPING CENTRE WITH GROWTH - 100% LEASED

  • Inner Sydney Neighbourhood Centre
  • Significant Growth
  • 10 year WALE / Coles 20 Year Lease

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

Property Highlights

Date Sold12 Jul 2017
Floor Area5,569 m²
Land AreaAsk Agent
ParkingOn site parking available
Property ID2013633347
Category
Last updated  12 Nov 2020
Map for 20 Victoria Road Parramatta NSW 2150

Nearest transport* to 20 Victoria Road Parramatta NSW 2150

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Property Highlights

Date Sold12 Jul 2017
Floor Area5,569 m²
Land AreaAsk Agent
ParkingOn site parking available
Property ID2013633347
Category
Last updated  12 Nov 2020
Level 21/363 George St Sydney NSW 2000

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