Norton Central 70 Norton Street,
Leichhardt, NSW 2040
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Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
04184778...
Norton Central 70 Norton Street
Leichhardt, NSW 2040
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Trophy Inner Sydney Retail Investment
- $1.145 million NOI
- 100% Fully Leased
- Annual rent reviews ranging from 3%-5%
Colliers International is delighted to offer for sale, Norton Central, a trophy retail asset positioned in the heart of Leichhardt, Sydney. The asset is 100% leased with income security underpinned by two major banks Westpac, NAB and complimentary tenants with a long occupancy history including Berkelouw Books, Toni & Guy, and the Bakers Delight head office.
The Property occupies a prominent 1,114 square metre site, with an approximately 80 metre frontage to Norton Street, and is considered the jewel in the crown of this acclaimed precinct. Norton Central is located approximately 6.5 kilometres west of the Sydney CBD and benefits from this close proximity to Sydney CBD.
This rare investment opportunity is being exclusively marketed by Colliers International through an Expressions of Interest (EOI) campaign closing on Thursday 18 March 2021 at 2pm (AEDT)
Key highlights
• 100% fully leased
• $1.145 million* p.a. NOI
• Strong annual rent review structure ranging from 3% to 5% annually
• National /chain tenants secure 91% of GLA and 87% of Gross Income
• 203,580 persons within adjacent shopping centre Total Trade Area
• Tax depreciation benefits available for incoming purchaser
• Prominent 1,114 sqm inner Sydney Metropolitan land holding with flexible B2 Local Centre zoning (STCA)
• Premium retail location servicing an affluent trade area
*Approximate
For more information, please contact the exclusive sales agents listed below:
Harry Bui
National Director, NSW | Investment Services
+61 418 477 8...
Alex James-Elliott
Associate Director, NSW | Retail Investment Services
+61 407 651 373
The Property occupies a prominent 1,114 square metre site, with an approximately 80 metre frontage to Norton Street, and is considered the jewel in the crown of this acclaimed precinct. Norton Central is located approximately 6.5 kilometres west of the Sydney CBD and benefits from this close proximity to Sydney CBD.
This rare investment opportunity is being exclusively marketed by Colliers International through an Expressions of Interest (EOI) campaign closing on Thursday 18 March 2021 at 2pm (AEDT)
Key highlights
• 100% fully leased
• $1.145 million* p.a. NOI
• Strong annual rent review structure ranging from 3% to 5% annually
• National /chain tenants secure 91% of GLA and 87% of Gross Income
• 203,580 persons within adjacent shopping centre Total Trade Area
• Tax depreciation benefits available for incoming purchaser
• Prominent 1,114 sqm inner Sydney Metropolitan land holding with flexible B2 Local Centre zoning (STCA)
• Premium retail location servicing an affluent trade area
*Approximate
For more information, please contact the exclusive sales agents listed below:
Harry Bui
National Director, NSW | Investment Services
+61 418 477 8...
Alex James-Elliott
Associate Director, NSW | Retail Investment Services
+61 407 651 373
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Property ID: 503758374Last Updated: 13 May 2021
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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