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.”


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

Latest news

January 2020
Sold for $68 million – St Marys Village, NSW
Stonebridge Property Group, in conjunction with McVay Real Estate, is pleased to announce the sale of St Marys Village for $68 million. St Marys Village...
Read More
September 2019
The US shows there’s an upside to current retail shifts
There has been much gloom about Australia bricks and mortar retail recently, from the demise of the department and discount department store, to the closure of...
Read More
April 2019
Canberra Retail Investment Market to Face Rare Test
Manuka Terrace Shopping Centre offered for sale – set to be the first neighbourhood retail transaction in the ACT since 2015. Stonebridge Property Group has...
Read More
July 2019
19 Hectare site adjoining the new Western Sydney Airport for sale
Stonebridge Property Group, on behalf of the Court Appointed Administrator (Balance Insolvency), has been exclusively appointed to sell 275 Adams Road, Luddenham NSW (‘the Property’)...
Read More