Tamworth City Plaza, 432-452 Peel Street,
Tamworth, NSW 2340
Shops & Retail
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$35,000,000
Key property information
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Map of Tamworth City Plaza, 432-452 Peel Street
Thriving Sub Regional Shopping Centre in Prime CBD Location with Strong Performing Majors
- Prime CBD location
- Strong performing majors
- Value-Add Potential
The Opportunity
Tamworth City Plaza fronts the thriving and primary retail strip of Peel Street in the heart of Tamworth's CBD, incorporating a total GLA of 13,769.50m²*. The Centre comprises a well configured, enclosed shopping centre, anchored by a Coles Supermarket, Kmart DDS, 35 specialty tenancies and 2 ATM's.
* Securely Leased to Strong-Performing Blue Chip Anchor Tenants
Tamworth City Plaza is anchored by a full-line Coles Supermarket and Kmart DDS, comprising 77% of the total centre GLA and 52% of the total gross income. Coles demonstrating excellent sales growth reflecting 10% uplift year on year and generating strong additional percentage rental.
* Strong Specialty MAT Performance
Strong specialty MAT performance with a number of tenants reflecting in excess of $10,000m². Coupled with an average specialty occupancy costs of approx 9.00%, supporting additional rental growth.
* Quality Specialty Retail Mix
Complimenting the Centre's majors is a quality specialty retail mix, comprising 89% national retailers, including HCF, Bakers Delight, Price Attack, Goldmark and Flight Centre.
* Medium Term Value-Add Potential
There is significant potential to value-add, due to the short term nature of both anchor tenancies and the Centre's format, presenting an opportunity to reconfigure, re-mix and refurbish the asset.
Property Highlights
* Outstanding Coles sales performance with MAT 25% above the industry average and forecast to pay percentage rent;
* Average specialty gross rental $699/m²* with specialty occupancy cost reflecting a low 9.00%* supporting further rental growth;
* 52% of the rental income and 77% of the total GLA secured to majors;
* Capturing main trade area of 97,720* persons;
* Prime landmark site along Peel Street within the heart of Tamworth CBD
* Fully leased net income $3,580,000 pa*
*Approx
Tamworth City Plaza fronts the thriving and primary retail strip of Peel Street in the heart of Tamworth's CBD, incorporating a total GLA of 13,769.50m²*. The Centre comprises a well configured, enclosed shopping centre, anchored by a Coles Supermarket, Kmart DDS, 35 specialty tenancies and 2 ATM's.
* Securely Leased to Strong-Performing Blue Chip Anchor Tenants
Tamworth City Plaza is anchored by a full-line Coles Supermarket and Kmart DDS, comprising 77% of the total centre GLA and 52% of the total gross income. Coles demonstrating excellent sales growth reflecting 10% uplift year on year and generating strong additional percentage rental.
* Strong Specialty MAT Performance
Strong specialty MAT performance with a number of tenants reflecting in excess of $10,000m². Coupled with an average specialty occupancy costs of approx 9.00%, supporting additional rental growth.
* Quality Specialty Retail Mix
Complimenting the Centre's majors is a quality specialty retail mix, comprising 89% national retailers, including HCF, Bakers Delight, Price Attack, Goldmark and Flight Centre.
* Medium Term Value-Add Potential
There is significant potential to value-add, due to the short term nature of both anchor tenancies and the Centre's format, presenting an opportunity to reconfigure, re-mix and refurbish the asset.
Property Highlights
* Outstanding Coles sales performance with MAT 25% above the industry average and forecast to pay percentage rent;
* Average specialty gross rental $699/m²* with specialty occupancy cost reflecting a low 9.00%* supporting further rental growth;
* 52% of the rental income and 77% of the total GLA secured to majors;
* Capturing main trade area of 97,720* persons;
* Prime landmark site along Peel Street within the heart of Tamworth CBD
* Fully leased net income $3,580,000 pa*
*Approx
Property ID: 500283461Last Updated: 16 May 2014
Tamworth City Plaza, 432-452 Peel Street
Tamworth, NSW 2340
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Stonebridge Property Group - SydneyLevel 7, 14 Martin Place
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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