169-179 Meadows Road,
Mount Pritchard, NSW 2170
Shops & Retail
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Land area
Floor area
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Colliers - Sydney
Level 30, Grosvenor Place, 225 George StreetSYDNEY, NSW 2000
04184778...
169-179 Meadows Road
Mount Pritchard, NSW 2170
Map of 169-179 Meadows Road
Premium Sydney Metro Food Based Centre Investment
- Premium Food Based Centre Investment
- Complex of 6 shops - 100% leased
- Multi tenanted retail & food tenancy mix
Colliers International is excited to offer for sale a premium Sydney Metro retail centre anchored by Red Rooster and Domino’s head company leases.
Investment highlights;
- Refurbished retail complex of 6 shops
- Weighted Average Lease Expiry (WALE) by income: 7 years
- Multi tenanted retail & food tenancy mix, anchored by Red Rooster and Domino’s head company leases to 2027 plus options
- 86% of income secured by Red Rooster and Domino’s Pizza
- Site area 2,006sqm with 47 metre frontage
- High profile location, near the intersection of Elizabeth Drive and Meadows Road. Adjacent to 7-Eleven & BWS
The property is located within the South-West growth corridor – the fastest growth region identified by the New South Wales Government to help accommodate Sydney’s future population growth over the next 25-30 years and is planned to include precincts containing some 110,000 new dwellings (or some 300,000 persons) once completed.
- Zoned B1 Neighbourhood Centre under Fairfield LEP 2013
- 100% leased with a current net passing income of $337,524 per annum
- Strong rent reviews ranging from 3% up to 5% annually
The property is for sale by way of Public Auction as a part of the Colliers International National Premium Auction Portfolio to be held on Wednesday 6 March 2019 at 10:30am (AEDT).
Investment highlights;
- Refurbished retail complex of 6 shops
- Weighted Average Lease Expiry (WALE) by income: 7 years
- Multi tenanted retail & food tenancy mix, anchored by Red Rooster and Domino’s head company leases to 2027 plus options
- 86% of income secured by Red Rooster and Domino’s Pizza
- Site area 2,006sqm with 47 metre frontage
- High profile location, near the intersection of Elizabeth Drive and Meadows Road. Adjacent to 7-Eleven & BWS
The property is located within the South-West growth corridor – the fastest growth region identified by the New South Wales Government to help accommodate Sydney’s future population growth over the next 25-30 years and is planned to include precincts containing some 110,000 new dwellings (or some 300,000 persons) once completed.
- Zoned B1 Neighbourhood Centre under Fairfield LEP 2013
- 100% leased with a current net passing income of $337,524 per annum
- Strong rent reviews ranging from 3% up to 5% annually
The property is for sale by way of Public Auction as a part of the Colliers International National Premium Auction Portfolio to be held on Wednesday 6 March 2019 at 10:30am (AEDT).
Mount Pritchard, 2170 demographic data
The median household income for Mount Pritchard is $1,396, 33% lower than Greater Sydney's household income of $2,077. Mount Pritchard has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 53% of property owners in Mount Pritchard have a mortgage.
10,426
Population
$1,396 per week
Median household income
36 years
Median age
Owners
Most residents
Families
Most households
Colliers - SydneyLevel 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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