Established and Well Presented Regional NSW Large Format Retail Centre Anchored by Bunnings Warehouse

Griffith Hometown, Griffith, New South Wales 2680

Retail For Sale

For Sale
Floor Area: 19,070.00 m2.    

Description

Griffith Hometown comprises a 19,070sqm Large Format Retail Centre, anchored by an 8,688sqm Bunnings Hardware that features a brand new 10 year net lease. Bunnings is supported by two major retailers, being Spotlight and Fantastic Furniture. The remaining lease profile is a combination of large format and entertainment retailers including Repco and Pets Domain.

The Centre occupies a high profile 6.4 hectare site, located 2km from Griffith CBD, which includes two vacant parcels that have multiple approved development applications that consider major repositioning and expansion potential.

Griffith is located in the heart of NSW thriving Western Riverina region, in a Main Trade Area (MTA) that is characterised by a young and affluent family orientated regional population. The local economy is largely driven by agricultural, manufacturing and administrative services, and includes Baiada Poultry, Australia’s largest poultry producer.

For Sale by Expressions of Interest Closing Thursday 8 August 2019 at 2pm (AEST)

*All figures herein are approximate only
^Location IQ May 2019

Features

  • Fully leased net income $1,978,000* p.a
  • New Bunnings 10 year lease plus options
  • 85% of GLA secured by National Tenants
  • WALE by area 6.16 years
  • MTA forecast to grow to 56,810 by 2031^

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