Address available on request,
Albion Park, NSW 2527

UNDER OFFER

Centro Albion Park is an open air neighbourhood Shopping Centre which dominates its catchment area. The Centre is anchored by Woolworths Supermarket together with The Reject Shop, 12 specialty tenancies, 1 ATM and a freestanding Woolworths Petrol service station totalling a GLA of 5,570.10m².

HIGHLIGHTS

* Secure and established open air Neighbourhood Shopping Centre anchored by a strong performing Woolworths Supermarket
* Dominates its primary and secondary catchment (approx. 25,580 persons) and provides the only full line supermarket
* Percentage rent is forecast from Woolworths Supermarket reflecting its consistent strong sales growth
* 51% (approx.) of the gross rental income and 72% (approx.) of the total GLA is secured to Woolworths
* 87% (approx.) of the total gross passing rental income is secured to national and chain tenants
* Strong lease tenure and security of income reflecting a WALE of 6.98 years (by area) and 5.59 years (by income)
* The central location and proximity to major arterial roads provides quick and direct access for patrons
* Reduced outgoing expenses and management reflecting the open air nature of the Centre
* Fully leased net income $1,483,609 pa (approx.)


For more information or to obtain an Information Memorandum please contact Heath Crampton.