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Manning Mall Shopping Centre, 81 Manning Street, Taree, NSW 2430

Manning Mall Shopping Centre, 81 Manning Street, Taree, NSW 2430

Retail

  • For Sale
  • For Sale by Private Negotiation
  • Sale by Negotiation

Manning Mall Shopping Centre - Major Centre with Value-Add Potential

  • Strongly Performing Coles
  • Value-Add Opportunity
  • Income Security

  • Land Area
  • 2.73ha (6.74 acres) (approx)
  • Floor Area
  • 10,746 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jun 01, 2021
  • Car Spaces
  • 330

Interested in this property? Contact an Agent today

Savills - Sydney CBD

Level 25, 1 Farrer Place

Sydney NSW 2000

Steven Lerche
Savills - Brisbane

Level 33, Riverside Centre, 123 Eagle Street

Brisbane City Qld 4000

Manning Mall Shopping Centre - Major Centre with Value-Add Potential

Manning Mall is a single level enclosed shopping centre anchored by a strongly performing Coles supermarket, as well as a smaller format Target discount department store, with 26 specialty tenancies, 4 kiosks and 3 ATMs, predominately focused on non-discretionary food and service.

In addition, a separate freestanding retail and commercial building of 410sqm* building fronts Manning Street featuring 3* tenancies.

Taree is located on the Mid-North Coast of NSW, circa 313km* north of the Sydney CBD and 81km* south of Port Macquarie. Manning Mall Shopping Centre is located in the central business precinct with frontage to Manning Street.

Key highlights include:

• Enclosed centre anchored by a strongly performing Coles supermarket

• Coles & Target occupy 66%* of leased GLA with over 88%* secured by national tenants

• Strong fundamentals with solid embedded real estate value. Compact and convenient shopping centre with significant upside opportunity

• Expansive trade area featuring retail spending of$732.2M* (2019) growing to $1.37B* by 2036#

• GLAR: 10,746sq m* Site Area: 27,270sq m*

• Net income

Manning Mall Shopping Centre, 81 Manning Street, Taree, NSW 2430

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