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Sold on 30 Jul 2019

55 & 70 Norton Street Leichhardt NSW 2040

  • Retail
  • 11,751 m²
  • Sold

Trophy Sydney-Metro Neighbourhood Shopping Centre

CBRE and Colliers International are pleased to offer for sale Norton Plaza and Norton Central, a trophy metropolitan neighbourhood shopping centre located just 6.5km from Sydneys CBD.

The properties are the jewel in the crown of Leichhardts Norton Street thriving retail precinct and the Inner West. The properties boast unmatched fundamentals that are the epitome of non-discretionary convenience based retailing.

A number of key investment highlights are outlined below:

- Anchored by strong performing Coles supermarket (trading 36% above the benchmark) & Harris Farm Markets
- Unmatched flexibility over two titles, on 12,104 sqm of inner Sydney freehold land
- Convenient design over 11,751sqm of combined GLA and 364 car parks
- Highly affluent catchment, with per capita income levels 45% above the Sydney metro average
- Total Trade area expenditure forecast to grow by over $2 billion by 2031
- Ranked as one of the best performing shopping centres in Australia^
- Fully leased net income $8,701,000 pa

The properties are for sale by way of expressions of interest closing 2:00pm (AEST) on Thursday 25th July 2019.

For further information or to arrange an inspection, please contact the exclusive sales and marketing agents at Colliers International or CBRE.

*All figures are approximate only
^ Top 20 Mini Guns, Shopping Centres Australia

EXPRESSION OF INTEREST

Closing date and time25/07/2019 12:00
Recipient nameLachlan MacGillivray
Delivery addressColliers International

Property Highlights

Property ID2015400180
Date Sold30 Jul 2019
Floor Area11,751 m²
Land Area1.21 ha
ParkingOn site parking available
Category
Last updated  28 Jun 2019
Map for 55 & 70 Norton Street Leichhardt NSW 2040
Colliers International - Sydney
Level 30, Grosvenor Place 225 George Street Sydney NSW 2000
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