Watch Watch

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


Remember to mention you found this property on CommercialReady

Read More

3. Property Location

223 Kelly Street, Scone, NSW, 2337

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
calculator-icon Yield Calculator
calcultor-icon Yield Calculator