Jesmond Shopping Centre
28 Blue Gum Road, Newcastle NSW

Stonebridge, in conjunction with Colliers, is pleased to present for sale Jesmond Shopping Centre, a high quality sub-regional centre in a dynamic metropolitan city.

The key highlights of the opportunity include:

  • Located 10km* west of the Newcastle CBD. Newcastle is NSW’s largest regional city by population¹
  • Positioned between John Hunter Hospital and the University of Newcastle
  • Woolworths, Aldi and Big W + 1 mini-major, 65 specialties, 4 kiosks & 2 pad sites over a GLA of 20,339 sqm*
  • Long WALE of 7.5 years (by area)* with an occupancy rate of 97.9%*
  • Woolworths MAT approximately 75% in excess of National Major Supermarket average²
  • Total Trade Area of 148,930 people and forcast to increase by 0.9% pa to 167,400 by 2031²
  • Fully leased net operating income of over $10.7 million* per annum

 

¹Australian Bureau of Statistics
²Location IQ, July 2019
*Approximate