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