Stonebridge Property Group and McVay Real Estate present for sale Castle Mall, an extremely rare strong performing Sydney metro neighbourhood centre investment and future potential redevelopment opportunity (STCA), located in the heart of the high growth suburb of Castle Hill.
The key highlights of Castle Mall include:
- Established and secure convenience-led neighbourhood, anchored by TK Maxx, Tong Li IGA express, Castle Hill Medical Centre, 4 mini majors and 35 specialty shops over 9,652 sqm lettable area.
- Daily needs tenancy mix, with 84%* of Gross Rent secured to food, food catering, medical/health/wellbeing and services
- Prime location only 200 metres* from a new metro station, at the heart of one of Sydney's key Strategic Centres, Castle Hill
- Huge and affluent Main Trade Area of 210,410 people (4x typical neighbourhood catchment size), with average household incomes 25% above Sydney Average and Primary Sector growth forecast of 1.8% p.a. to 2036^
- Outstanding income growth profile weighted average rent review of 3.6% p.a. (including majors)*
- Fully leased net operating income of $4.3 million p.a., with significant additional income and cost savings potential
- 4 year WALE* with demolition clause flexibility
- Underutilised 7,866 sqm* B4 Mixed-Use site with significant development potential (STCA), situated in an established high-density market and opposite a precinct with a 68 metre height limit
* Approximate ^Urbis Trade Area Report
Castle Mall is for sale by Expressions of Interest closing Wednesday 6th April 2022 at 4pm (AEST).
For further information, please contact:
Philip Gartland - Stonebridge | +61 403 582 324
Sam McVay - McVay Real Estate | +61 402 613 603
Property Code: 383
