Sold: Maryland Shopping Centre sells for $7.5m (4.4% yield)

Stonebridge is pleased to announce the sale of Maryland Shopping Centre, Maryland (Newcastle) for $7.5 million to a Private Investor reflecting a passing yield of 4.4%.

The convenience based shopping centre includes a Chemist, Gym, Medical Centre and Tavern over a total GLA of 4,985sqm*. The property occupies a high profile 1.39 hectare* site occupying a corner position in the heart of Maryland.

Stonebridge Director, Lincoln Blackledge said, “The fierce competition and robust result for the Maryland campaign are primarily a response to the strong fundamentals of the offering but are also symptomatic of the scarcity of value-add opportunities with the benefit of holding income in NSW at present.”

*Approximate

For further information please contact the selling agents Lincoln Blackledge (+61 408 780 772) or William Blanch (+61 400 099 966).

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