Mandarin Centre, Chatswood
AU - Chatswood, APAC
5,976 m²
Asset Description
JLL in conjunction with Colliers, are excited to offer for sale Coles Richmond Mall, a high-performing Coles anchored Neighbourhood Shopping Centre strategically located 500 metres* from Richmond Station, in Sydney’s emerging northwest corridor, 40 kilometres* west of Parramatta and 65 kilometres* west of the Sydney CBD.
Recently refurbished in 2023, the single-level 5,153m2 Centre serviced by an at grade 299 council car park3 is the ultimate convenient offing within Boasting a full-line Coles & Liquorland and ten complementary specialty tenants, the Centre stands as a high-profile investment opportunity.
Expressions of Interest closing 2.00pm (AEDT) on Wednesday, 27th March 2023.
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Attributes
Land area gross
6,040 m²
Building area net
5,153 m²
NOI
€1,228,000
Occupancy
100%
WAULT
7.9 years
Year renovated
2023
Media
Investment Highlights
- Coles & Liquorland secure 80% of GLA
- Long WALE of more than 7 years
- Recently refurbished
- Coles MAT 18% higher than benchmark 1
- MTA supermarket expenditure 37% higher than Sydney benchmark 2
- Coles turnover exceeding threshold since 20144
1 Urbis Single Supermarket Benchmark, 2023
2 Location IQ, 2024
3 Not on title
4 Except in 2019 when rent was reset
Contact brokers
Richmond Mall (0 Properties)
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Last updated
30 Apr 2024
