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44 Bangalow Road
Ballina NSW 2478
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Sold on 25 Aug 2016

44 Bangalow Road Ballina NSW 2478

  • Shop & Retail
  • 14,175 m²
  • Sold

NON-DISCRETIONARY SUB-REGIONAL SHOPPING CENTRE

  • 8.6 YEAR WALE*
  • NET INCOME $3,370,501* P.A.
  • MULTIPLE VALUE ADD OPPORTUNITIES

- Thriving NSW North Coast Regional Centre underpinned by a booming tourism industry & large MTA population 62,920* (Location IQ)
- Modern convenience based Sub-Regional Shopping Centre on 4.5ha in the dominant retail precinct and position
- Anchored by Big W, Supa IGA+Liquor, 2 Mini Majors, 20 specialties and 2 pad sites with 605* carparks
- Secure income profile with 79% (GLAR) leased to major tenants and a 8.6 year WALE*
- Non-discretionary focused specialty shops leased well below benchmark rents with average weighted rent reviews of 4.1% per annum
- Fully leased NOI of $3,370,501* p.a. with scope to capitalise on low specialty rentals and multiple value add options

*Approx.

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING 4PM THURSDAY 4 AUGUST 2016

Property Highlights

Date Sold25 Aug 2016
Floor Area14,175 m²
Land Area4.5 ha
ParkingOn site parking available
Property ID2012906839
Category
Last updated  9 Feb 2024
Map for 44 Bangalow Road Ballina NSW 2478

Nearest transport* to 44 Bangalow Road Ballina NSW 2478

Bus
Train
Tram
Ferry
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Property Highlights

Date Sold25 Aug 2016
Floor Area14,175 m²
Land Area4.5 ha
ParkingOn site parking available
Property ID2012906839
Category
Last updated  9 Feb 2024

Listed by

CBRE Brisbane
Call
07 3833 9833

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