CBRE is pleased to offer for sale a dominant 10,571sqm* convenience-based neighbourhood shopping centre, situated on 27,100sqm* of freehold land.
The Centre is positioned in an affluent growth precinct in New South Wales (NSW) thriving mid coast region, Coffs Harbour.
A number of key investment highlights are outlined below:
- Well-established lifestyle based neighbourhood shopping centre - Secure income stream underpinned by a strong performing full-line Coles supermarket, paying attractive percentage rent - Recent refurbishment and repositioning to accommodate a defensive non-discretionary retail mix, including childcare & medical - Significant landholding with value-add and major rental reversion upside - Affluent demographic with Main Trade Area (MTA) household income levels 13% above the non-metro NSWE average% - Strong population growth (1.9% p.a.) in the MTA set to reach 34,690 by 2036^ - Fully leased net income $2,290,147 p.a.*
For further information or to arrange an inspection, please contact the exclusive sales and marketing agents
