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Pacific Parade 19
Dee Why NSW 2099
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Stonebridge Property Group

Pacific Parade 19 Dee Why NSW 2099

  • Shop & Retail
  • 9,976 m²
  • For Sale, Contact agent

Rare Sydney metro dual-supermarket neighbourhood shopping centre

  • Highly affluent trade area
  • Dual-supermarket anchored centre
  • Tightly held Sydney-metro asset

JLL & Stonebridge are pleased to present for sale Dee Why Grand, a rare dual-supermarket neighbourhood centre in Sydney's affluent northern beaches, 14 kilometres* from Sydney CBD. The Centre is a premier convenience offering and is the retail component of a thriving mixed-use development, comprising the Dee Why Hotel, a 10-storey office building, 170 residential apartments plus a three-level basement car park.

- Dominant dual-supermarket neighbourhood centre anchored by national heavyweights Coles and ALDI plus two mini-majors, 24 specialties and five kiosks across 9,976 sqm of GLA
- A triple street frontage and exposure to Pittwater Road, the main arterial road servicing the Northern Beaches with 175,000* daily passing vehicles
- Highly affluent total trade area of over 139,000 people with an average per capita income 19% above the Greater Sydney average 1  
- Exceptional income security, 98% occupancy (by area), 5.3-year WALE (by area), average weighted rental increases of 3.4% and 94%* of income is underpinned by grocery, food, health and services
- Strong performing specialty stores with tenant productivity of $9,395/sqm*, 25% above benchmarks** and sustainable occupancy cost ratio of 13.5%
- Excellent parking provision for 412 basement car spaces on title ( 4.1 spaces per 100 sqm of lettable area)
- Institutional quality asset, managed by ISPT with $3.7 million common mall refurbishment completed and minimal future CAPEX requirements
- Estimated fully lease net income of $4.4 million* per annum as at 1-Jun-24 

Dee Why Grand is for sale via Expressions of Interest, closing Friday 3 rd May 2024 at 12:00 pm (AEST).

For further information or to arrange an inspection, please contact the exclusive selling agents.

* Approximate
1 LocationIQ Mar-24
2 Excluding Majors
3 Urbis benchmark for 'Double Supermarket Based Shopping Centres'
Financial data as at 1-Jun-24; turnover figures as at Jan-24

Property Highlights

Floor Area9,976 m²
Land Area3.52 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019154813
Category
Last updated  4 Apr 2024
Map for Pacific Parade 19 Dee Why NSW 2099

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Property Highlights

Floor Area9,976 m²
Land Area3.52 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019154813
Category
Last updated  4 Apr 2024

Co-Agents

Carl Molony
Stonebridge Property Group
Call
+61 439 032 028
Philip Gartland
Stonebridge Property Group
Call
+61403582324

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