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Sold on 5 Jun 2019

Cecil Hills Shopping Village Cecil Hills NSW 2171

  • Retail
  • 3,089 m²
  • Sold

Woolworths Anchored Sydney Metro Neighbourhood Centre

  • Fully Leased Net Income $1.27* million^
  • Site Area 13,400* m2
  • 100% Fully Leased

Colliers International are excited to present an opportunity to acquire a 100% interest in the Cecil Hills Shopping Village, a strong performing neighbourhood shopping centre anchored by a Woolworths supermarket including BWS, a medical centre, 11 speciality tenants and a number of additional income streams. The shopping centre is currently 100% fully occupied, featuring a convenient mix of non discretionary and service-based tenancies.

Cecil Hills Shopping Village provides a town centre focal point for local residents, owing to its prominent position at centre of the suburb and close proximity to local schools and community facilities. Cecil Hills is located within the Liverpool City Council local government area, some 34 kilometres west of the Sydney Central Business District (CBD).

The Centre sits on a significant 1.34* hectare site featuring four street frontages. The current local planning controls enable the potential for value add development opportunities through the 1.5:1 floor space ratio and the B2 Local Centre zoning, allowing for shop top housing development (STCA).

Investment Highlights:

- Strong Performing Neighbourhood Shopping Centre site in metropolitan Sydney.
- Exercised option to extend Woolworths lease to October 2024.
- Woolworths Supermarket achieving turnover rental.
- 1.34* ha freehold site.
- Only supermarket centre within the suburb of Cecil Hills.
- 60% of Gross Lettable Area secured by Woolworths.
- 78% of income secured by National and Chain tenants (including Woolworths, BWS, Dominoes, F45, Ray White, United Agents, De Paris Nails & Beauty, Pennas Pharmacy and Cecil Hills Medical Centre (Qualitas Health).
Located in rapidly expanding south west Sydney growth corridor with opportunities for development.

All areas, distances and figures are approximate

*Approximate
^Including turnover rental

AUCTION

Auction date and time06/06/2019 09:30
Auction locationSydney

Property Highlights

Property ID2015240165
Date Sold5 Jun 2019
Floor Area3,089 m²
Land AreaAsk Agent
ParkingOn site parking available
Category
Last updated  26 Jun 2019
Map for Cecil Hills Shopping Village Cecil Hills NSW 2171
Colliers International - Sydney
Level 30, Grosvenor Place 225 George Street Sydney NSW 2000

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