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JLL - Sydney

Langston Village, 12-22 Langston Place Epping, NSW 2121

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Langston Village, 12-22 Langston Place,
Epping, NSW 2121

Shops & Retail • Other
Added 3 days ago

Price information

Sale - Expression of Interest

Please contact exclusive agents

Key property information

Land area

Floor area

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JLL - Sydney
David Mahood
Sebastian Fahey
MingXuan Li

JLL - Sydney

Level 27, 180 George Street
SYDNEY, NSW 2000
JLL - Sydney
Langston Village, 12-22 Langston Place
Epping, NSW 2121

Map of Langston Village, 12-22 Langston Place

Directions
  • Train stations within 5 km of Langston Village, 12-22 Langston Place, Epping, NSW 2121Distance
    Epping Station152 m
    Eastwood Station1.8 km
    Cheltenham Station2.1 km
    Denistone Station2.9 km
    Beecroft Station3.1 km
    POWERED BY HERE ©
  • Bus stops within 5 km of Langston Village, 12-22 Langston Place, Epping, NSW 2121Distance
    Epping Rd Before Smith St159 m
    Epping Station, Beecroft Rd, Stand H163 m
    Epping Rd Opp Smith St175 m
    Epping Presbyterian Church, Rawson St192 m
    Epping Station, Cambridge St, Stand B195 m
    POWERED BY HERE ©
POWERED BY HERE ©

PRIME INVESTMENT OPPORTUNITY

  • Highly defensive income stream
  • Secured rental growth
  • Award-winning development
JLL is excited to present Langston Village (the Centre) For Sale by way of Expressions of Interest (EOI) close at 3pm (AEST) Thursday, 1st August 2024

A prime retail destination in the heart of Epping. This newly built centre offers a compelling opportunity for investors seeking a stable and reliable income stream.

The Centre's strategic location in the dynamic and rapidly growing suburb of Epping in Sydney's northwest further enhances its value. Situated just 16 kilometres from Sydney CBD, it is poised to capitalise on the influx of residents with more than 1,885 new dwellings either under construction or proposed within its main trade area. 8 Excellent accessibility is another advantage, with the Centre within walking distance of Epping train station, a major transport hub with more than 7.18 million passenger movements annually. 3


Investment highlights:

•Highly defensive income stream being 96% occupied, 1 with a fully leased net income of $1.17 million and an attractive 5.3-year WALE. 2
•Located 16 km from the Sydney CBD, adjacent Epping train station, benefiting from 7.18 million annual passenger movements. 3  
•84% of gross specialty income underpinned by attractive 4.0% or greater fixed annual reviews. 5
•Average low gross specialty rental of $842 / sqm 6 , 21% below benchmark providing long term rental growth. 7
•67% of gross income underpinned by Mint Fresh IGA, medical and food and beverage retailers, catering for the fast-growing catchment. 4
•Completed in 2022, providing attractive depreciation benefits for an incoming purchaser.
•Awarded Urban Taskforce Australia’s High-Density Residential Development City Award in 2023.
•Set to capitalise on 1,885 residential apartments either proposed or under construction within its main trade area. 8

Langston Village (the Centre) For Sale by way of Expressions of Interest (EOI) close at 3pm (AEST) Thursday, 1st August 2024

All enquiries, information requests, inspection arrangements and
lodgement of offers are to be directed to the exclusive selling agents.

Footnotes

1. By gross lettable area.
2. Weighted Average Lease Expiry by income.
3. Passenger movements recorded for the year ending February 2024 - LocationIQ Report: Langston Village, May 2024.
4. Gross passing income.
5. Gross passing specialty income.
6. Average gross passing specialty income ($/sqm).
7. Urbis Benchmark - Single Supermarket 2023.
8. LocationIQ Report: Langston Village, May 2024.

Property ID: 504630256Last Updated: 3 Jul 2024

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