Stonebridge, in conjunction with CBRE, are pleased to present for sale Junction Fair, a trophy inner-city neighbourhood shopping centre.
The key highlights of the opportunity include:
- Dominant Coles (4,694sqm*) anchored neighbourhood shopping centre (7,226sqm*)
- 99%* leased with secure long term 6.2 year* WALE (by area), underpinned by a strong performing Coles leased until 2027 + options
- Significant 11,250sqm* town centre land holding with high barries to entry and value-add upside
- B2 zoning allowing future mixed use developments (STCA)
- Recent refurbishment securing defensive non-discretionary and destination based retail mix
- Affluent demographic with Main Trade Area per capita incomes levels 31% above the Australian average
- Large Main Trade Area of 41,500 people and forecast to grow by 1.6% per annum to 2031^
- Fully leased net income of over $3.2m pa*
*Approximate ^Location IQ
To discuss in further detail, or to arrange a presentation or inspection, please contact the selling agent Philip Gartland of Stonebridge on +61 403 582 324 or email@example.com.
Junction Fair is for sale by International Expressions of Interest closing 4pm (AEST) on Thursday 11 April 2019.