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Colliers and CBRE are pleased to present for sale Mall 88, a recently completed, trophy Coles-anchored neighbourhood shopping centre located in the heart of St Leonards in Sydney’s affluent Lower North Shore.
Strategically positioned within the St Leonards CBD, Mall 88 forms the retail core of the 88 by JQZ mixed-use precinct, featuring over 637 residential apartments, an A-grade commercial tower, and integrated civic amenities including a new public library and Wadanggari Park.
Completed in March 2023, the Centre comprises 7,714 sqm of retail GLA anchored by a full-line Coles supermarket and Liquorland, the largest supermarket offering in the catchment. The tenancy mix also includes two mini-majors and 20 specialty retailers, with access to 358 basement car spaces and direct connection to St Leonards Train Station via a 200-metre underground pedestrian link.
This is a rare opportunity to secure a trophy retail asset within one of Sydney’s premier urban precincts experiencing significant renewal and growth.
Key Investment Highlights
- Rare 15-Year Coles Lease (Exp 2038) with options to 2078.
- PTA is forecast to grow at 4.7% p.a, 3.9x the Sydney benchmark¹.
- Located 5 km from Sydney CBD.
- Potential depreciation allowances.
- Direct 200m underground link to St Leonards Station
- 500m to the new Crows Nest Metro.
- WALE of c.8 years by income.
- 83% of income underpinned by national and daily-needs tenants.
Expressions of Interest closing 2:00pm (AEST) on Wednesday, 3 September 2025.
¹ Location IQ, 2025
Remember to mention you found this property on CommercialReady
Colliers and CBRE are pleased to present for sale Mall 88, a recently completed, trophy Coles-anchored neighbourhood shopping centre located in the heart of St Leonards in Sydney’s affluent Lower North Shore.
Strategically positioned within the St Leonards CBD, Mall 88 forms the retail core of the 88 by JQZ mixed-use precinct, featuring over 637 residential apartments, an A-grade commercial tower, and integrated civic amenities including a new public library and Wadanggari Park.
Completed in March 2023, the Centre comprises 7,714 sqm of retail GLA anchored by a full-line Coles supermarket and Liquorland, the largest supermarket offering in the catchment. The tenancy mix also includes two mini-majors and 20 specialty retailers, with access to 358 basement car spaces and direct connection to St Leonards Train Station via a 200-metre underground pedestrian link.
This is a rare opportunity to secure a trophy retail asset within one of Sydney’s premier urban precincts experiencing significant renewal and growth.
Key Investment Highlights
- Rare 15-Year Coles Lease (Exp 2038) with options to 2078.
- PTA is forecast to grow at 4.7% p.a, 3.9x the Sydney benchmark¹.
- Located 5 km from Sydney CBD.
- Potential depreciation allowances.
- Direct 200m underground link to St Leonards Station
- 500m to the new Crows Nest Metro.
- WALE of c.8 years by income.
- 83% of income underpinned by national and daily-needs tenants.
Expressions of Interest closing 2:00pm (AEST) on Wednesday, 3 September 2025.
¹ Location IQ, 2025
Remember to mention you found this property on CommercialReady
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