Sold
Beecroft Place
18 Hannah Street, Beecroft, NSW
Stonebridge, in conjunction with Knight Frank, is pleased to present for sale Beecroft Place, a rare Sydney metropolitan neighbourhood centre with a 10 year WALE (by area).
The key highlights of the opportunity include:
- High quality neighbourhood centre constructed in 2017
- Sydney metro location, 100 metres* from Beecroft station and 22km* from the Sydney CBD
- Daily needs tenancy mix featuring Woolworths, 27 specialty shops (including Priceline, BWS and medical) and 2 kiosks over 5,474 sqm*
- Rare 20-year lease to Woolworths (plus 2×10 year options)
- Fixed 5% Woolworths rental uplifts every 5 years, with the next review due in Sep-22
- Outstanding 10 year WALE (by area)
- The only supermarket in the Main Trade Area of 32,870 people¹, with high barriers to entry
- Affluent catchment, with Primary Sector household incomes 52% above Sydney metro average¹
- Significant depreciation potential
- Fully leased NOI of $3.5 million p.a., with strong income growth potential
¹Location IQ
*Approx.
Beecroft Place is for sale by Expressions of Interest.
For further information, please contact the Stonebridge team.