ULTRA-PRIME BRAND NEW SYDNEY METROPOLITAN SHOPPING CENTRE – CRANEBROOK VILLAGE
CBRE and Savills Retail Investments are pleased to offer Cranebrook Village a convenience based neighbourhood shopping centre in Metropolitan Sydney.
Cranebrook Village is located in the western Sydney suburb of Cranbrook, a precinct undergoing significant development and growth. The centre is dual anchored by Woolworths and Aldi supermarkets and further secured by a range of national and non-discretionary retailers. The centre offers brand new construction completed in December 2016, providing significant depreciation benefits and a secure WALE 14+ years.
A number of key highlights are outlined below:
- Ultra-prime convenience based shopping centre positioned just 5km* from Penrith CBD
- Located in Sydney’s western growth corridor
- The only supermarkets servicing 17,230 people^ in the primary trade area and growing
- Secure non-discretionary retail mix including 13 specialty retailer tenants
- Outstanding investment fundamentals providing an unparalleled 14+ year WALE
- Significant 19,800sqm land holding with further development opportunity
- Brand new construction benefiting from significant tax depreciation allowances
- Fully leased net income $2,568,355 p.a *
^Source: LocationIQ
*Approximate
For further information please contact the exclusive sales and marketing agents at CBRE & Savills
Nick Willis - CBRE
+61 409 595 803
Justin Dowers - CBRE
+61 438 098 805
Steven Lerche – Savills
+61 414 467 216
Andrew Palmer – Savills
+61 404 132 152
