Homemaker Prospect – A Dominant and Established Large Format Retail Centre on a substantial 6.5 hectare land holding in the Heart of The Greater Western Sydney.
Stonebridge Property Group & Colliers International are pleased to present for sale Homemaker Prospect, a long-established and proven Large Format Retail Centre strategically located in the heart of Greater Western Sydney.
Located on a high-profile site benefiting from dual street frontages in the suburb Prospect, Homemaker Prospect is 32 kilometres west of Sydney CBD and 9 kilometres south-west from Parramatta CBD. The Centre benefits from being centrally located at the heart of an established residential, large format and services retail precinct with exceptional access and exposure to the Great Western Highway and is within close proximity to the M4 Motorway.
The 25,770 square metre (sqm) Large Format Retail Centre consists of multiple freestanding buildings encircling ample car parking of 634 spaces. The centre is anchored by Fantastic Furniture, Plush, Pauls Warehouse, The Good guys, Bing Lee and Nick Scali, and supported by 22 other large format and food tenancies. National and chain tenants secure approximately 95% of income as well as a large portion of gross lettable area.
The well-configured centre occupies a significant 6.5ha land holding which is split across two separate titles, providing flexibility to an incoming purchaser who may wish to hold, sell-off or reposition (STCA) in the future. The centre is zoned B5 – Business Development which provides for a range of mixed-uses, and proposed planning reforms by the NSW Government are further expected to benefit the sector and broaden permissible retail uses.
Stonebridge Director Carl Molony said:
“Homemaker Prospect is located in the heart of Greater Western Sydney and is set to benefit from key infrastructure projects such as WestConnex, Western Sydney Airport, Sydney Metro West and Parramatta Light Rail. Further, LFR spending is forecast to reach $1.45 billion by 2028, an annual average growth rate of 2.3%. This positions Homemaker Prospect as a prime retail investment. ”
Homemaker Prospect is for sale by International Expressions of Interest closing 2pm (AEST) on Thursday, 4 July 2019.
To discuss in further detail, or to arrange a presentation or inspection, please contact the selling agent Carl Molony on +61 439 032 028 or email firstname.lastname@example.org.