Colliers International is delighted to offer for sale, Norton Central, a trophy retail asset positioned in the heart of Leichhardt, Sydney. The asset is 100% leased with income security underpinned by two major banks Westpac, NAB and complimentary tenants with a long occupancy history including Berkelouw Books, Toni & Guy, and the Bakers Delight head office.
The Property occupies a prominent 1,114 square metre site, with an approximately 80 metre frontage to Norton Street, and is considered the jewel in the crown of this acclaimed precinct. Norton Central is located approximately 6.5 kilometres west of the Sydney CBD and benefits from this close proximity to Sydney CBD.
This rare investment opportunity is being exclusively marketed by Colliers International through an Expressions of Interest (EOI) campaign closing on Thursday 18 March 2021 at 2pm (AEDT)
Key highlights
100% fully leased
$1.145 million* p.a. NOI
Strong annual rent review structure ranging from 3% to 5% annually
National /chain tenants secure 91% of GLA and 87% of Gross Income
203,580 persons within adjacent shopping centre Total Trade Area
Tax depreciation benefits available for incoming purchaser
Prominent 1,114 sqm inner Sydney Metropolitan land holding with flexible B2 Local Centre zoning (STCA)
Premium retail location servicing an affluent trade area
*Approximate
For more information, please contact the exclusive sales agents listed below:
Harry Bui
National Director, NSW | Investment Services
+61 418 477 888
Alex James-Elliott
Associate Director, NSW | Retail Investment Services
+61 407 651 373
