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Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area
Land Area ()

Property Description

JLL Retail Investments, on behalf of Deloitte as Receivers and Managers of the property, are pleased to present to the market a 100% freehold interest in Coolalinga Central, a 2017 constructed 20,249sqm sub-regional shopping centre positioned on a prime 7.71-hectare site with a 409-metre frontage to the Stuart Highway.

Investment Highlights

  • High profile sub-regional shopping centre securely anchored by Coles & Kmart, supported by 5 mini-majors, 37 specialties and 8 highway padsites
  • Landmark 77,100sqm* island site, including 2 development padsites, and 1.65ha* of vacant land, with excellent exposure to passing highway traffic of 17,000* vehicles per day
  • Significant value-add opportunity underpinned by strongly performing major tenants showing 7-10%* y.o.y growth, with both paying % rent
  • Built brand new in 2017, providing significant depreciation benefits
  • Fully leased net income $6,847,829* as at 1 July 2021

For Sale by Expressions of Interest closing Thursday 3 June 2021 at 4.00pm (AEST)

Last Updated Date: 05 May 2021
Jacob Swan
Jacob Swan
Joint Head of Retail Investments - Australia
Sam Hatcher
Sam Hatcher
Joint Head of Retail Investments - Australia

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Last Updated Date: 05 May 2021

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