Address available on request Picton, NSW 2571
FOR SALE VIA OFFERS TO PURCHASE
- Strong Investment Fundamentals
- Dominant Town Centre Opportunity
- Outstanding Population Growth (2.7% pa)
TRIPLE ANCHORED SHOPPING CENTRE – THE PRECINCT, PICTON
The CBRE NSW Retail Investments team is pleased to present a dominant 8,875sqm triple anchored, neighbourhood shopping centre with outstandning investment fundamentals.
The Precinct, is located in Picton, a key suburb positioned in Sydney’s south-west growth corridor. The centre is strategically positioned in the heart of the Picton town centre, opposite the Wollondilly Shire Council offices, library, shops, residential developments and in proximity to the train station and other community facilities.
The dominant centre is secured by a diverse non-discretionary range of retailers including medical centre, health and wellness facilities, pharmacy, food and beverage, service retailers.
A number of key highlights are outlined below:
- Dominant town centre opportunity, anchored by Coles, Supa IGA & Target Country
- Located in Sydney's south-west growth corridor & servicing over 28,000 people in the MTA^ & growing at 2.7% per annum.
- Affluent demographics outstripping SMA benchmarks with strong retail expenditure growth of 6.2% over the next 10 years^
- Defensive retailer mix, over 70% of the income underpinned by non-discretionary retailers including; medical, food & services
- Value add potential inc. DA approved development expansion & flexibility over three individual lots
- Fully leased net income $2,350,000 pa*
For further information please contact the exclusive sales and marketing agents at CBRE.
Property ID: 503011254Last Updated: 5 Feb 2019