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20 Victoria Road Parramatta, NSW 2150

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20 Victoria Road,
Parramatta, NSW 2150

Shops & Retail

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SYDNEY METROPOLITAN SHOPPING CENTRE WITH GROWTH - 100% LEASED

  • Inner Sydney Neighbourhood Centre
  • Significant Growth
  • 10 year WALE / Coles 20 Year Lease
CBRE New South Wales Retail Investments are pleased to offer for sale Entrada Shopping Centre – a prime, inner Sydney neighbourhood Shopping Centre set to benefit from significant growth.

We outline below the key investment highlights:

- Sydney metropolitan neighbourhood shopping centre 5,569sqm*) anchored by a strong performing Coles Supermarket (3,529sqm*) on a 20-year lease until 2030

- Prime position in the heart of Parramatta CBD, one of the fastest growing regions in New South Wales, set to become the official 2nd CBD of Sydney

- Significant income upside available given low speciality rental levels – 27% below the Sydney metropolitan benchmark (Urbis)

- Strategic location on the corner of the major arterial Church Street and Victoria Road, connecting Parramatta to the Sydney CBD, only 25km* to the East

- Defensive retailer tenancy mix, 100% leased to nondiscretionary tenants including; Liquorland, Subway, Medical Centre, Chemist and Montessori Childcare

- The only full line supermarket servicing a Primary Trade Area of 24,710^, set to grow at over 3.5% per annum reaching 36,910 by 2031^

- Affluent and young demographic conducive to retail expenditure, forecast to grow at 6.9% per annum reaching $1.8billion by 2031^

- Attractive 10 Year WALE

- Underpinned by ample 196 CBD car parks leased to Secure Car Parking

- Net Income of $2,396,000 per annum (currently fully leased)

Should you require any further information please do not hesitate to contact the Exclusive Sales agents CBRE New South Wales Retail Investments

Property ID: 502423430Last Updated: 28 Jul 2020

02 9333 33...
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20 Victoria Road
Parramatta, NSW 2150
CBRE - Sydney
Level 21, 363 George Street
SYDNEY, NSW 2000
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