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11-13 Coronation Avenue, Pottsville, NSW 2489

11-13 Coronation Avenue, Pottsville, NSW 2489

Retail Showrooms/Bulky Goods Other

  • Sold Contact Agent
  • Thu 25-Nov-21

IGA Anchored Neighbourhood Shopping Centre – Northern NSW

  • Strong Trading Neighbourhood Centre
  • Fixed 4% & 3% Annual Rent Increases
  • Net Income $466,729 + GST

  • Land Area
  • 1962.00 m² (approx)
  • Floor Area
  • 908 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jan 11, 2022
  • Car Spaces
  • 20
  • Parking Comments
  • Grade level parking for 20 vehicles + convenient street parking
  • Zoning
  • B2 Local Centre

Interested in this property? Contact an Agent today

Savills - Brisbane

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Brisbane City Qld 4000

Michael Harcourt, Savills - Brisbane
Michael Harcourt
Cushman & Wakefield - Sydney

Level 22, 1 O'Connell Street

Sydney NSW 2000

Geoff Sinclair, Cushman & Wakefield - Sydney
Geoff Sinclair
Michael Collins, Cushman & Wakefield - Sydney
Michael Collins

IGA Anchored Neighbourhood Shopping Centre – Northern NSW

Cushman & Wakefield and Savills are pleased to present to the market 11-13 Coronation Avenue, Pottsville NSW for Sale via Auction.

The property has the following key characteristics:

- Strategic non-discretionary neighbourhood shopping centre anchored by an IGA Supermarket and supported by Cellarbrations, Australia Post & Pure Zest Health
- Dominant anchor tenant IGA – 15 year lease to 2029 - Leading Australian chain of convenience supermarkets boasting over 1,400 locations nationally
- Cellarbrations – One of Australia’s largest independent liquor brands with over 500 stores across the country
- Modern single level 908 sqm building within Pottsville’s commercial core, only 5 minutes to Pottsville Beach
- Booming highly sought after Northern NSW location within 30 minutes from world renowned Byron Bay and 30 minutes from the Gold Coast International Airport
- Strong lease expiry profile – WALE of 5.31* years ( by area)
- Future development upside with B2: Local Centre zoning underpinning significant value add potential (STCA)
- Attractive fixed 4%, 3% and CPI annual rent increases - assuring rental growth
- Net Income $466

11-13 Coronation Avenue, Pottsville, NSW 2489

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