Junction Fair, Newcastle
204 Union Street, The Junction NSW

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 orĀ pgartland@stonebridge.com.au.

Junction Fair is for sale by International Expressions of Interest closing 4pm (AEST) on Thursday 11 April 2019.