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Belmont Citi, 41 Macquarie Street Belmont, NSW 2280

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Belmont Citi, 41 Macquarie Street,
Belmont, NSW 2280

Shops & Retail • Showrooms & Large Format Retail

Price information

Sale

Contact the Stonebridge Team

Key property information

Land area

Floor area

Private inspections

to arrange a private inspection.

Map of Belmont Citi, 41 Macquarie Street

Directions
  • Bus stops within 5 km of Belmont Citi, 41 Macquarie Street, Belmont, NSW 2280Distance
    Belmont Citi Centre, Macquarie St134 m
    Pacific Hwy Before Macquarie St162 m
    Pacific Hwy Opp Macquarie St224 m
    Brooks Pde After Maude St225 m
    Brooks Pde Opp Maude St269 m
    POWERED BY HERE ©
POWERED BY HERE ©

Trophy Lake Macquarie Neighbourhood Shopping Centre

  • Coles Anchored Neighbourhood Centre
  • High Profile Belmont CBD Location
  • Excellent Income Growth & Upside
Stonebridge is proud to exclusively present for sale Belmont Citi, a rare opportunity to acquire a well-established neighbourhood shopping centre occupying the largest landholding in Belmont CBD with value-add potential.

Held under the same ownership structure for 27 years, Belmont Citi is anchored by a strong performing Coles supermarket including Liquorland, supported by a complementary mix of 20* specialty shops, 3* kiosks and 2* ATMs over 6,801 sqm* of lettable area. The income stream is highly sheltered via the strong investment fundamentals with a non-discretionary focus plus excellent income growth potential.

The key highlights of this rare opportunity include:

- Dominant convenience-based shopping centre, anchored by a high performing 4,834 sqm* Coles & Liquorland + 20 specialties & 3 kiosks (6,801 sqm* GLAR)



- Commanding 1.75 ha* mixed-use land parcel with low 39%* site coverage, located 15 km* south of Newcastle



- The only Coles in the Primary Trade Area on a rare net lease, historically paying percentage rent



- Defensive & growing income stream - Coles underpins 57%* of income, WALE of 6 years & annual specialty rent reviews of 3%-4%



- Income uplift potential with average specialty gross rents 30%* below benchmark & value-add levers (1)



- Affluent main trade area with average household income 10% above the non-metro NSW average (2)

- Convenient and easily accessible at-grade parking for 304 vehicles* (4.5 spaces* per 100 sqm of lettable area)

- Rarely traded - held under the same ownership structure for 27 years



- Estimated fully leased net income of $2.55 million p.a.**

For Sale via Expressions of Interest closing Thursday 10th October 2024 2024 ay 4:00pm (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents at Stonebridge.

* Approx.

** Forecast as at 1-Dec-24

1 Urbis benchmark for “Supermarket Based Shopping Centres”

2 LocationIQ

Property Code: 1042

Property ID: 504684128Last Updated: 13 Nov 2024

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Belmont Citi, 41 Macquarie Street
Belmont, NSW 2280

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