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Sold on 3 Oct 2018

West End Plaza Albury NSW 2640

  • Retail
  • 15,934 m²
  • Sold

Exceptional Sub-regional Investment Opportunity

• Dominant sub-regional shopping centre, anchored by Coles and Kmart
• Convenience and dining destination located within the heart of the Albury CBD and offering the only food court within the CBD driven by the substantial surrounding worker base
• Major tenants account for 65% of GLA, providing exceptional income security
• Outstanding and tenancy mix with major, national and chain retailers representing 95% of GLA and 89% of gross rent
• Thriving local economy – Albury-Wodonga is a regional economic hub with a combined resident population of 92,000 and GRP of $6.4bn, supported by 43,000 local jobs, driven by sectors that include agriculture, manufacturing, healthcare, construction, retail and public administration*
• Exceptional TTA growth of 1.4% p.a., forecast to reach 114,650 by 2027, or an additional 14,990 residents, double the non-metro NSW benchmark*
• Significant TTA retail expenditure of $1.4bn, with strong forecast growth of 3.8% p.a., expected to reach $2.1bn by 2027*

West End Plaza forms part of the Major Australian Shopping Centre Portfolio, comprising 14 high-quality, sub-regional and neighbourhood shopping centre investments

For sale in one line or individually by EOI closing Thursday 23 August at 12 noon (AEST)

All figures above are approximate only
*Urbis, June 2018

Property Highlights

Property ID2014483965
Date Sold3 Oct 2018
Floor Area15,934 m²
Land Area2.08 ha
ParkingAsk Agent
Category
Last updated  16 Oct 2018
Map for West End Plaza Albury NSW 2640
JLL - Sydney
Level 25 420 George Street Sydney NSW 2000

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