Rare Neighbourhood Centre Reposition Opportunity in Major Regional Infrastructure Hub
Rare Neighbourhood Centre Reposition Opportunity in Major Regional Infrastructure Hub
JLL is privileged to present the rare opportunity to purchase Parkes Arbour Shopping Centre, a Coles anchored neighbourhood centre with reposition, redevelop and re-lease opportunities to create significant upside.
A number of key highlights are outlined below:
• Opportunity to reposition 4,019 sqm of vacant retail space and significantly increase the net income
• DA approved internal mall redevelopment to include 601 sqm of boutique speciality tenancies
• Anchored by Coles, the Centre provides strong cashflow whilst the Centre's redevelopment is planned and undertaken
• Accessible from four street frontages on a significant 11,905 sqm CBD land holding
• 298 on-grade & basement bays provide an attractive parking ratio of 4.27 bays per 100 sqm
• Parkes is the intersection for the Australian Government's $14.4 Billion Inland Rail, Australia’s largest infrastructure project adding over $600mil in local contracts to the region
• Parkes Special Activation Precinct is estimated to attract up to $1 billion in private investment over the next 10 years
• Net Income: $431,718 per annum
For sale via Expressions of Interest closing at 5:00 pm (AEDT) on Tuesday, 14 March 2023.
To obtain further information or to arrange an inspection please contact JLL, the exclusive sale and marketing agents.
Sebastian Fahey
0459 423 588
sebastian.fahey@jll.com
Dylan McEvoy
0406 560 204
dylan.mcevoy@jll.com
Nick Willis
0409 595 803
nick.willis@jll.com
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