Address available on request,
Dee Why, NSW 2099
Shops & Retail
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Sold
Range: $62,900,000 - $73,100,000
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Brand New Shopping Centre in Sydney’s Prestigious Northern Beaches - For Sale
Dee Why Grand Shopping Centre
- A unique opportunity to acquire a brand new neighbourhood shopping complex, strategically positioned on Pittwater Road in one of Sydney’s most attractive trade areas, which is expected to immediately dominate the existing retail offer & surrounds
- Dee Why Grand forms part of an impressive mixed use & fully integrated development, comprising the well known & successful Dee Why Hotel, Bayfield Liquor, 6,500sqm (approx.) of commercial offices & 161 (approx.) residential apartments. These additional components of the development do not form part of the proposed sale
- Opening in July, 2010, Dee Why Grand will comprise a full line 4,072sqm (approx.) Coles supermarket, a 1,587sqm (approx.) Harris Farm Market, 30 specialties (approx.), 6 kiosks & 4 ATMs (approx.), providing a total GLA of 10,123sqm (approx.), with convenient & secure basement parking for 400 cars (approx.)
- Exceptional anchor tenant income security & lease tenure with Coles secured for 20 + 10 + 10 years (initial expiry 2030) & Harris Farm Market secured for 10 + 10 + 10 years (initial expiry 2020) & combined, generate 40% (approx.) of the total Centre gross income
- High spending power demographic coupled with a large main trade area comprising 84,630 persons & a significant primary trade area of 47,840 persons (Source: Pitney Bowes Business Insight)
- Attractive inbuilt income growth with significant depreciation allowances
- Fully leased net income - $5,500,000 p.a. (approx.)
EXPRESSIONS OF INTEREST Closing 12 Noon Thursday 17 June 2010
- A unique opportunity to acquire a brand new neighbourhood shopping complex, strategically positioned on Pittwater Road in one of Sydney’s most attractive trade areas, which is expected to immediately dominate the existing retail offer & surrounds
- Dee Why Grand forms part of an impressive mixed use & fully integrated development, comprising the well known & successful Dee Why Hotel, Bayfield Liquor, 6,500sqm (approx.) of commercial offices & 161 (approx.) residential apartments. These additional components of the development do not form part of the proposed sale
- Opening in July, 2010, Dee Why Grand will comprise a full line 4,072sqm (approx.) Coles supermarket, a 1,587sqm (approx.) Harris Farm Market, 30 specialties (approx.), 6 kiosks & 4 ATMs (approx.), providing a total GLA of 10,123sqm (approx.), with convenient & secure basement parking for 400 cars (approx.)
- Exceptional anchor tenant income security & lease tenure with Coles secured for 20 + 10 + 10 years (initial expiry 2030) & Harris Farm Market secured for 10 + 10 + 10 years (initial expiry 2020) & combined, generate 40% (approx.) of the total Centre gross income
- High spending power demographic coupled with a large main trade area comprising 84,630 persons & a significant primary trade area of 47,840 persons (Source: Pitney Bowes Business Insight)
- Attractive inbuilt income growth with significant depreciation allowances
- Fully leased net income - $5,500,000 p.a. (approx.)
EXPRESSIONS OF INTEREST Closing 12 Noon Thursday 17 June 2010
Property ID: 5655722Last Updated: 26 Jun 2015
02 9220 85...
Address available on request
Dee Why, NSW 2099
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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