20 Ernest Ave,
Chipping Norton, NSW 2170

Shops & Retail

Key property information

Land area

Floor area

Car spaces

Tenure type

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Map of 20 Ernest Ave

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UNDER OFFER

Market Plaza is a fully leased shopping centre anchored by Coles with net income of $1,700,000 approx. The property also consists of 18 specialty shops, including a long term lease to ANZ Bank. Opportunity for value lies in the rental increases, significant depreciation allowances, potential development opportunity and substantial growth in surrounding areas. The property is situated on a significant 9,707 square metres of land with a Gross Lettable Area of 4,338.5sqm and 218 car spaces (including 194 basement level undercover spaces.) Located close to Liverpool in the growing suburb of Chipping Norton, it represents a great investment in the greater Sydney region.

- Valuable depreciation allowances
- Good growth in Coles turnover reaching close to 10% pa
- 100% Leased - $1,700,000 approx. net income pa
- Anchored by Coles with a 20 year lease commenced in December 2007
- 10 + 5 year lease to ANZ Bank commenced in December 2007
- 18 specialty shops + 218 parking bays
- GLA: 4,338.5sqm | Land area: 9,707sqm
- Development opportunity (STCA). FSR 1.5:1. Height 18m

Chipping Norton, 2170 demographic data

The median household income for Chipping Norton is $2,024, 3% lower than Greater Sydney's household income of $2,077. Chipping Norton has an older age profile compared to the rest of Greater Sydney (median age 39 vs 37). Property ownership data shows 48% of property owners in Chipping Norton have a mortgage.

9,412

Population

$2,024 per week

Median household income

39 years

Median age

Owners

Most residents

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Most households