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Sold on 24 Oct 2019

450 Miller Street Cammeray NSW 2062

  • Shop & Retail
  • 4,756 m²
  • Sold

Defensive Lifestyle Centre in Affluent North Shore Sydney Location

    Cushman & Wakefield is proud to exclusively offer for sale Cammeray Square, a premium community-based, lifestyle centre. As the first Lower North Shore Sydney Metropolitan neighbourhood shopping centre to be formally offered to the market in 2018, Cammeray Square represents an outstanding and rare investment opportunity.

    Cammeray Square is anchored by Harris Farm Markets, a leader in fresh food and grocery retailing in the Australian market, plus a diverse mix of 15* specialty retailers, with a focus on essential services and fresh food, a 1,550 sqm* childcare centre and 870 sqm* of commercial suites.

    The centre is located within the affluent residential suburb of Cammeray, 7 kilometres* north of Sydney CBD. Cammeray Square is a convenient and easily accessible shopping destination benefiting from a high-profile location with exposure and direct access to the Warringah Freeway.

    • Anchored by a strong performing Harris Farm Markets and All About Children (childcare centre), plus 15* specialty shops, commercial tenancies and 1* ATM
    • GLA of 4,756 sqm*
    • Occupies a highly exposed and elevated site with three (3) street frontages
    • Estimated fully leased net income of $3.0 million*
    • Situated only 3 km* from North Sydney CBD and 7 km* from Sydney CBD
    • Attractive WALE of 5.8 years (area)*
    • Over 1 million* customer visits annually
    • Strong income growth with specialty tenants primarily subject to 3.5% - 5% annual reviews
    • Estimated Main Trade Area Population of 59,800 people (2018), forecast to increase at a rate of 1.2% per annum to 2031 (Location IQ)
    • Retail expenditure in Main Trade Area forecast to grow at 4.0% per annum from 2018 to 2031 (Location IQ)
    • Significant upside potential through active management

    * Approx.

    This exceptional investment opportunity is offered for sale via Expression of Interest closing 4.00pm (AEDT) on Thursday 15 November 2018.

    For a confidential discussion and for further information, please contact the exclusive selling agent Cushman & Wakefield.

    EXPRESSION OF INTEREST

    Closing date and time15/11/2018 16:00
    Recipient nameAsk Agent
    Delivery addressAsk Agent
    Nick Potter
    Cushman & Wakefield Sydney
    Nick Potter
    Cushman & Wakefield Sydney
    Billy Dent
    Cushman & Wakefield Sydney
    Billy Dent
    Cushman & Wakefield Sydney

    Property Highlights

    Property ID2014718840
    Date Sold24 Oct 2019
    Floor Area4,756 m²
    Land Area4,756 m²
    Parking80 x Onsite parkings
    Building TypePartial building
    Category
    Last updated  1 Nov 2019
    Map for 450 Miller Street Cammeray NSW 2062
    Map for 450 Miller Street Cammeray NSW 2062450 Miller Street Cammeray NSW 2062
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Nick Potter
    Cushman & Wakefield Sydney
    Nick Potter
    Cushman & Wakefield Sydney
    Billy Dent
    Cushman & Wakefield Sydney
    Billy Dent
    Cushman & Wakefield Sydney

    Property Highlights

    Property ID2014718840
    Date Sold24 Oct 2019
    Floor Area4,756 m²
    Land Area4,756 m²
    Parking80 x Onsite parkings
    Building TypePartial building
    Category
    Last updated  1 Nov 2019
    Cushman & Wakefield Sydney
    Level 22 1 O'connell Street Sydney NSW 2000
    Nick Potter
    Cushman & Wakefield Sydney
    Nick Potter
    Cushman & Wakefield Sydney
    Billy Dent
    Cushman & Wakefield Sydney
    Billy Dent
    Cushman & Wakefield Sydney

    Ask Nick Potter about this property

    Nick Potter

    Nick Potter

    Cushman & Wakefield Sydney

    Billy Dent

    Billy Dent

    Cushman & Wakefield Sydney

    0468 *** ***
    0468 911 386

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