PRIME LARGE FORMAT RETAIL INVESTMENT

9 Bryant Drive, Tuggerah, New South Wales 2259

Retail For Sale

Auction. Date 16 Sep 2015
Floor Area: 4,118.00 m2.    

Tuggerah Central

Description

Tuggerah Central provides a modern Large Format Retail Centre completed in 2007, that comprises three freestanding buildings and 81 on-grade car spaces. The complex is anchored by Officeworks (1,039 m²*) and Nick Scali (1,442 m²*), representing 60% of the lettable area. All buildings are capable of further subdivision STCA, with car parking on site incorporating on-grade spaces for approximately 81 vehicles, equating to 1.97 spaces per 100 m²* GLAR.

The improvements are constructed in a “U shape” on a regular 8,094m²* site with a frontage to Bryant Drive of 65.22 metres*.

The property is zoned B5 Business Development with permitted uses including but not limited to bulky good premises, child care centres, hardware and building supplies.

The property is positioned within a strong performing and established homemaker precinct that includes Tuggerah Homemaker Centre and Tuggerah Bunnings. Retailers in the precinct include Bunnings, Spotlight, The Good Guys, Fantastic Furniture, OMF and many others, therefore benefiting from high levels of passing traffic.

Tuggerah Central comprises a strong tenancy profile and is anchored by ASX listed companies Officeworks and Nick Scali with a net passing income of $644,238 per annum (approx.).

Building Area: 4,118 m²*
Site Area: 8,094 m²*

Features:

• 62.5% of the gross income secured by ASX listed companies Officeworks and Nick Scali on new 7 year leases, expiring in 2022
• WALE of 4.66 as at November 2015
• Ability to Strata-Subdivide (STCA)

This property is proudly featured in our National Auction Portfolio ( NAP )

Auction: Wednesday 16 September 2015 at 10.30am
Colliers International - Level 30 Grosvenor Place, 225 George Street, Sydney

*approx.

Features

  • Sold together or separately
  • Net income $644,238* pa
  • WALE 4.66 years
  • Blue chip tenants

Specifications

Council Wyong Shire Council
Zoning B5 Business Development under Wyong Local Environmental Plan 2013
Anchor Tenants Officeworks and Nick Scali

Transaction Details

11 Apr 2017
9 Bryant Drive, TUGGERAH NSW 2259, AUSTRALIA

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