Richmond Mall
AU - Richmond, APAC
5,153 m²
Asset Description
JLL Retail Investments is privileged to offer the opportunity to purchase Leura Shopping Centre, a dominant Woolworths and BWS anchored neighbourhood centre, located in the heart of the Blue Mountains.
Leura Shopping Centre is anchored by a strong performing Woolworths and BWS, trading 25% above benchmarks and paying percentage rent. The centre is further supported by high-quality tenant mix comprising of four external specialties and an ATM. Being 100% occupied, the centre provides absolute income security with an attractive 8.7 year weighted average lease expiry (WALE).1,2
Leura is located at the heart of the Blue Mountains, approximately 100 kilometres from the Sydney CBD and is easily accessible by both car and train. The Blue Mountains is a World Heritage-Listed region offering a diverse range of experiences attracting visitors locally, nationally and internationally. The region is Sydney’s number one natural tourist destination, attracting more than 6.4 million visitors a year.3
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Attributes
Building area gross
2,545 m²
Occupancy
100%
Year built
2011
Land area gross
3,561 m²
Tenure
Freehold
Media
Investment Highlights
Key investment highlights include:
Absolute Income Stream
100% leased, with a net income of $1.2 million and a highly attractive WALE of over 8.7 years.1
Attractive Woolworths Lease
Anchored by a 22-year semi-net lease to Woolworths, expiring in December 2034 with
3 x 10-year options.
Strong Performing Supermarket
Anchored by a strong performing Woolworths supermarket, with trade performance over
$16,100 /sqm, 25% above benchmark.2
Irreplaceable Landholding
The centre is underpinned by favourable development controls being situated on Leura’s largest commercially zoned landholding.4
Leura Shopping Centre is being offered for sale by an expressions of interest process closing Thursday, 23rd November 2023 at 3:00pm (AEDT).
All figures stated are approximate.
All references to distances are as the crow flies.
All references to financial information is estimated as at 31 December 2023
1. Weighted average lease expiry by area.
2. Urbis Benchmark - Single Supermarket
3. NSW Government - NSW National Parks
4. NSW Planning Portal - Leura, E1 - Local Centre
Contact brokers
Leura Shopping Centre (0 Properties)
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Last updated
4 Apr 2024
