STRONG PERFORMING NEIGHBOURHOOD SHOPPING CENTRE – SUMMER CENTRE, ORANGE
CBRE New South Wales Retail Investments are pleased to offer a unique opportunity to acquire a dominant dual anchored Supa IGA and Dan Murphy’s neighbourhood shopping centre with outstanding upside potential.
Strategically positioned in the heart of one of New South Wales most thriving regional cities just 3.5 hours from Sydney CBD. Summer Centre, Orange offers a rare opportunity to acquire a strong performing neighbourhood shopping centre with additional development land providing investors flexibility and growth potential.
A number of key investment highlights are:
- Strong performing dual anchored shopping centre (GLA of 5,100sqm*) with Supa IGA (ASX:MTS) and Dan Murphy's (ASX:WOW).
- Dominant regional city growing at 1.4% per annum and servicing a vast population of 103,130^ in the greater Central West region of NSW.
- Underpinned by secure long term leases of 20 and 15 years to IGA and Dan Murphy’s respectively, providing a WALE of over 10 years.
- Convenience based shopping centre supported by 67% non-discretionary food and service retailers.
- Significant CBD property on a large 2.15ha* site, with convenient at grade parking for 268* cars providing an ample ratio of 5.2 cars per 100sqm.
- Affluent trade area with per capita income 10% above the NSW non-metro average^ being driven by major development and infrastructure projects including tourism, education and resources.
- Rare value add potential with 2,573sqm* of prime land suitable for a range of mixed use development.
- Fully leased net income of $1,666,888 per annum*
*Approximate
^Source: LocationIQ
For further information please contact the exclusive sales and marketing agents, CBRE NSW Retail Investments.
