Stonebridge Property Group is delighted to present for sale Prospect Central, a prime Woolworths anchored convenience investment and landbank located in a strategic Sydney metropolitan location.
The key highlights of the opportunity include:
- Freestanding Woolworths (including Caltex), BWS, 7-Eleven and 4 medical/food tenancies
- 100% occupied with a long 8.5 year* WALE (by income)
- Dominant Woolworths trading above turnover rent threshold
- Woolworths, BWS and 7-Eleven comprise 86% of income*
- High exposure 1.5 hectare* site with convenient at-grade and basement parking
- Outstanding land bank fundamentals and adjoining high density residential
- Three titles offering maximum flexibility and exit strategies
- Net income of $1.65 million p.a.* with strong income growth potential
Prospect Central is for sale by Expressions of Interest closing at 2pm (AEDT), Wednesday 17 November 2021.
To obtain further information or to arrange an inspection, please contact the Stonebridge team.