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2. Property Highlights

NSW Neighbourhood Centre Anchored By Coles Supermarket Paying Percentage Rent
  • Coles supermarket paying turnover rent
  • 86% national/chain tenants (by income)
  • Ave. spec rents 35.2% below Benchmark¹

Colliers are excited to present an opportunity to acquire a dominant neighbourhood shopping centre, located in the Upper Hunter Shire Region, approximately 25*km north of Muswellbrook, 130*km northwest of Newcastle CBD and 205*km north of Sydney CBD.

The strategic 4,111m² single level Neighbourhood Shopping Centre is anchored by a strong performing Coles supermarket and supported by an additional eleven (11) predominantly essential service specialty tenancies.

The Centre presents itself as a high-profile regional offering, featuring secure income growth and minimal management.

  • Coles Supermarket accounts for 64% of GLA and 67% of Income
  • 86% of Income secured by national or chain tenants
  • Minimum specialty rental reviews of 3-4% fixed or CPI
  • Coles is the largest and most dominant supermarket in the catchment
  • Coles Supermarket features low occupancy cost, below benchmark
  • Average specialty rent 35.2% below Urbis Benchmark¹

Expressions of Interest closing 2.00pm (AEST) on Wednesday, 5 June 2024.

¹ Urbis Benchmark, 2023

*approx.

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3. Property Location

223 Kelly Street, Scone, NSW, 2337

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