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Woolworths Coffs Harbour 5-7 Park Avenue, Coffs Harbour, NSW 2450

Woolworths Coffs Harbour 5-7 Park Avenue, Coffs Harbour, NSW 2450

Retail

  • Sold $19,500,000
  • Mon 01-Feb-21

Strong performing Woolworths supermarket paying percentage rental occupying a prominent...

  • 100% ‘essential services’ income
  • 4,243sqm full-line Woolworths with BWS
  • Strategic 4,464sqm CBD site

  • Floor Area
  • 4,243 m²
  • Last Updated
  • Mar 17, 2021

Interested in this property? Contact an Agent today

Colliers - Sydney

Level 30, Grosvenor Place, 225 George Street

Sydney NSW 2000

Alex James-Elliott, Colliers - Sydney
Alex James-Elliott
James Wilson, Colliers - Sydney
James Wilson

Strong performing Woolworths supermarket paying percentage rental occupying a prominent Coffs Harbour CBD site

Woolworths Coffs Harbour is located on the mid-north coast of NSW and is strategically positioned between Sydney and Brisbane. Coffs Harbour is an established regional city with a strong local economy and is one of NSW’s top tourist destinations. The Centre occupies a prominent CBD site and features exposure to the Pacific Highway.

The Main Trade Area (MTA) population is currently estimated at 21,520 and is projected to increase to 24,830 persons by 2036, representing an average annual growth rate of 1.0%. This is double the non-metro NSW average growth rate of 0.5% per annum. The MTA is home to a predominately family demographic as well as retiree population, both which underpin non-discretionary spending.^

Woolworths Coffs Harbour is the ultimate defensive investment with a 100% non-discretionary, ‘essential services’ income and a rare 20 year net lease structure with 5 x 5 year options remaining, secured by a top 10 ASX company paying percentage rent.

Note:
- * Urbis 2019 Benchmark (Single Supermarket Shopping Centres)
- ^ Location IQ Trade Area Report 2020

Woolworths Coffs Harbour 5-7 Park Avenue, Coffs Harbour, NSW 2450

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