223 Kelly Street,
Scone, NSW 2337
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Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
223 Kelly Street
Scone, NSW 2337
Map of 223 Kelly Street
NSW Neighbourhood Centre Anchored By Coles Supermarket Paying Percentage Rent
- Coles supermarket paying turnover rent
- 86% national/chain tenants (by income)
- Ave. spec rents 35.2% below Benchmark¹
Colliers are excited to present an opportunity to acquire a dominant neighbourhood shopping centre, located in the Upper Hunter Shire Region, approximately 25*km north of Muswellbrook, 130*km northwest of Newcastle CBD and 205*km north of Sydney CBD.
The strategic 4,111m² single level Neighbourhood Shopping Centre is anchored by a strong performing Coles supermarket and supported by an additional eleven (11) predominantly essential service specialty tenancies.
The Centre presents itself as a high-profile regional offering, featuring secure income growth and minimal management.
• Coles Supermarket accounts for 64% of GLA and 67% of Income
• 86% of Income secured by national or chain tenants
• Minimum specialty rental reviews of 3-4% fixed or CPI
• Coles is the largest and most dominant supermarket in the catchment
• Coles Supermarket features low occupancy cost, below benchmark
• Average specialty rent 35.2% below Urbis Benchmark¹
Expressions of Interest closing 2.00pm (AEST) on Wednesday, 5 June 2024.
¹ Urbis Benchmark, 2023
*approx.
The strategic 4,111m² single level Neighbourhood Shopping Centre is anchored by a strong performing Coles supermarket and supported by an additional eleven (11) predominantly essential service specialty tenancies.
The Centre presents itself as a high-profile regional offering, featuring secure income growth and minimal management.
• Coles Supermarket accounts for 64% of GLA and 67% of Income
• 86% of Income secured by national or chain tenants
• Minimum specialty rental reviews of 3-4% fixed or CPI
• Coles is the largest and most dominant supermarket in the catchment
• Coles Supermarket features low occupancy cost, below benchmark
• Average specialty rent 35.2% below Urbis Benchmark¹
Expressions of Interest closing 2.00pm (AEST) on Wednesday, 5 June 2024.
¹ Urbis Benchmark, 2023
*approx.
Property ID: 504584416Last Updated: 1 Nov 2024
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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