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Parkes Arbour Shopping Centre, 299 Clarinda Street, Parkes, NSW, 2870

2. Property Highlights

Rare Neighbourhood Centre Reposition Opportunity in Major Regional Infrastructure Hub
  • Strong Holding Income
  • Significant 1.19 Ha CBD Site*
  • Value Add Upside

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

Remember to mention you found this property on CommercialReady

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3. Property Location

Parkes Arbour Shopping Centre, 299 Clarinda Street, Parkes, NSW, 2870

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4. Due Diligence

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  • Site Summary
  • Development Pipeline
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  • Surrounding Amenity
Parkes Arbour Shopping Centre, 299 Clarinda Street, Parkes, NSW, 2870 Parkes
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