For Sale
Trophy Lake Macquarie Neighbourhood Shopping Centre
41 Macquarie Street, Belmont NSW
Closing Soon

Stonebridge is proud to exclusively present for sale Belmont Citi, a rare opportunity to acquire a well-established neighbourhood shopping centre occupying the largest landholding in Belmont CBD with value-add potential.

Held under the same ownership structure for 27 years, Belmont Citi is anchored by a strong performing Coles supermarket including Liquorland, supported by a complementary mix of 20* specialty shops, 3* kiosks and 2* ATMs over 6,801 sqm* of lettable area. The income stream is highly sheltered via the strong investment fundamentals with a non-discretionary focus plus excellent income growth potential.

The key highlights of this rare opportunity include:

  • Dominant convenience-based shopping centre, anchored by a high performing 4,834 sqm* Coles & Liquorland + 20 specialties & 3 kiosks (6,801 sqm* GLAR)
  • Commanding 1.75 ha* mixed-use land parcel with low 39%* site coverage, located 15 km* south of Newcastle
  • The only Coles in the Primary Trade Area on a rare net lease, historically paying percentage rent
  • Defensive & growing income stream - Coles underpins 57%* of income, WALE of 6 years & annual specialty rent reviews of 3%-4%
  • Income uplift potential with average specialty gross rents 30%* below benchmark & value-add levers (1)
  • Affluent main trade area with average household income 10% above the non-metro NSW average (2)
  • Convenient and easily accessible at-grade parking for 304 vehicles* (4.5 spaces* per 100 sqm of lettable area)
  • Rarely traded - held under the same ownership structure for 27 years
  • Estimated fully leased net income of $2.55 million p.a.**

Belmont Citi is for sale via Expressions of Interest.

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

* Approx
** Forecast as at 1-Dec-24
1 Urbis Benchmark for "Supermarket Based Shopping Centres"
2 LocationIQ

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