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81 Manning Street Taree NSW 2430

  • Retail
  • 10,746 m²
  • Expressions of Interest

Manning Mall Shopping Centre - Major Centre with Value-Add Potential

  • Strongly Performing Coles
  • Value-Add Opportunity
  • Income Security

Manning Mall is a single level enclosed shopping centre anchored by a strongly performing Coles supermarket, as well as a smaller format Target discount department store, with 26 specialty tenancies, 4 kiosks and 3 ATMs, predominately focused on non-discretionary food and service.

In addition, a separate freestanding retail and commercial building of 410sqm* building fronts Manning Street featuring 3* tenancies.

Taree is located on the Mid-North Coast of NSW, circa 313km* north of the Sydney CBD and 81km* south of Port Macquarie. Manning Mall Shopping Centre is located in the central business precinct with frontage to Manning Street.

Key highlights include:

Enclosed centre anchored by a strongly performing Coles supermarket

Coles & Target occupy 66%* of leased GLA with over 88%* secured by national tenants

Strong fundamentals with solid embedded real estate value. Compact and convenient shopping centre with significant upside opportunity

Expansive trade area featuring retail spending of$732.2M* (2019) growing to $1.37B* by 2036#

GLAR: 10,746sq m* Site Area: 27,270sq m*

Net income $2.98M pa* (fully leased)

*Approximate #Location IQ

For Sale by Expressions of Interest - Individually or In One Line alongside Gladstone Square and Moranbah Fair Shopping Centres

Expressions of Interest close 3pm (AEST) Thursday 27 February 2020

EXPRESSION OF INTEREST

Closing date and time27/02/2020 15:00
Recipient nameAsk Agent
Delivery addressSavills Brisbane

Property Highlights

Property ID2016032918
Floor Area10,746 m²
Land Area2.73 ha
Parking330 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  4 Feb 2020
Map for 81 Manning Street Taree NSW 2430
Map for 81 Manning Street Taree NSW 243081 Manning Street Taree NSW 2430
Savills Sydney
Level 25/1 Farrer Place Sydney NSW 2000

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