Sold
Smithfield Shopping Centre
Kennedy Highway & Captain Cook Highway, Smithfield (Cairns) QLD
Sold
Stonebridge Property Group, in conjunction with JLL, is pleased to present for sale Smithfield Shopping Centre, Cairns, QLD.
The dominant sub-regional Centre is anchored by Woolworths, Coles, Kmart, Event Cinemas and Dan Murphy’s with a total lettable area of 34,787 sqm.
Key highlights of this rare opportunity include:
- Expansive land holding - 12.4 ha of land and over 700 metres of highway frontage with 8.5 million passing vehicles per annum
- Dominance - the dominant centre in northern Cairns featuring the only entertainment & dining precinct north of Cairns CBD
- Major tenant security - over $200 million in major & mini-major sales, contributing 76% to total MAT
- Strong leasing activity - 48 specialty tenants (49% of specialty GLA) have been leased or renewed since January 2021
- Sustainable specialty base - 10.98% occupancy costs and average gross rents 12% below Benchmark^
- Flexibility & liquidity - Low site coverage of just 28% with opportunities for expansion
- Exceptional supermarket performance - supermarket sales productivity substantially in excess of benchmarks
Smithfield Shopping Centre is For Sale via Expressions of Interest.
For further information, please contact the Stonebridge team.
