PRIME LARGE FORMAT RETAIL CENTRE – TUGGERAH CENTRAL
CBRE New South Wales Retail Investments are pleased to present for your consideration, an opportunity to acquire an exceptional Large Format Retail centre.
The property boasts key investment attributes including:
- Prime Large Format Retail centre, anchored by Officeworks, Nick Scali and Oz Design on a secure long term leases.
- 90% of income underwritten by national heavy weight retailers including Officeworks (ASX:WES) and Nick Scali (ASX:NCK) – both major ASX listed companies.
- Secure investment - WALE of over 6 Years
- Strategic location directly opposite the recently refurbished and expanding $65million Tuggerah Super Centre anchored by Bunnings Warehouse, Fantastic Furniture, The Good Guys and with over 700 car parks.
- Highly exposed main road location, with excellent access via Bryants Drive off the main intersection of the Pacific Highway and Wyong Road, and within close proximity to the major Westfield Tuggerah shopping centre and Tuggerah train station.
- Convenient at grade car parking provided for 81 vehicles (providing an ample ratio of 2 car parks per 100sqm)
- Well-established and growing MTA of 213,000 residents, expected to increase to 241,378 by 2025 (1.4% per annum) ^
- Fully leased net income of $720,000 per annum*
For further information please contact the exclusive sales and marketing agents, CBRE NSW Retail Investments.
*Approximately ^Deepend Services
