Home to Lisa Gowing, wedding gown couture.
A high profile retail asset on the corner of New South Head Road and Ocean Avenue in Edgecliff has come on the market amid strong demand for high quality retail assets. Currently home to high profile wedding gown designer, Lisa Gowing, the site boasts one of the finest retail exposures in Sydney’s exclusive Eastern Suburbs.
With approximately 38,000 cars travelling past the 75 sqm shop every day, the asset, located at 16/220 New South Head Road, Edgecliff will prove highly appealing to a range of owner-operators and investors alike.
According to selling agents Matt Pontey and Miron Solomons of Colliers International, the property is to be sold as part of the business expansion strategy for the high end designer Lisa Gowing.
Mr Pontey said “The exceptional position of the shop has undoubtedly provided this superb label with massive exposure over the years” Lisa Gowing has now turned focus to the wholesaling of her exquisite couture wedding gowns to select boutiques and retailers across the country most notably David Jones.
“This retail asset is expected to attract owner-operators who are looking for a prominent location in which to build or grow their brand. Similarly investors are also likely to be attracted by the great location which would suit a range of retail tenants.”
“The Eastern Suburbs commercial market is extremely tightly held with limited opportunities. The prominent position of this asset, with its proximity to the Edgecliff Centre, public transport and recent residential developments including The Thane and Golden Age’s Essence Development, make this a highly attractive offering” he said.
The property is being sold through Colliers International via auction on 26 May 2016.