Opportunity to acquire trophy Woolworths anchored neighbourhood asset
JLL is pleased to offer for sale Woolworths Bulli a high performing neighbourhood centre with exceptional underlying fundamentals.
Located 12km north of Wollongong CBD, the centre provides unparalleled income security in one of NSWs tightest geographical catchments.
Brand-new 10 year lease to Woolworths (expiring 2031 with options) The last full-line supermarket before metropolitan Sydney, some 30km north Highly convenient and accessible site, fronting the Princes Highway & located 200 metres from Bulli Station Four (4) defensive non-discretionary retail tenants (Woolworths anchors 92% of the Centres lettable area) Affluent catchment with household incomes 28% above Non-metro NSW (source: ABS), and house price growth of 94% since Dec-14 (source: realestate.com.au ) Attractive B2 Local Centre zoning and 1.5:1 FSR providing flexible future mixed-use development upside Fully leased net income $1.45* million p.a. Woolworths Bulli is being offered for sale by way of expressions of interest, closing Thursday 29 th of April 2021 at 2.00pm (AEST).
