Cessnock Village
1 Keene Street, Cessnock, NSW, 2325, AU
5.633 vierkante meter
Beschrijving
JLL is pleased to present for sale Redland Bay Village, a premium neighbourhood shopping centre dominating the Redland Bay main trade area, strategically positioned on a commanding 1.86-hectare landholding with extensive multi-street frontage.
Anchored by a full-line Woolworths supermarket, the centre is the only supermarket servicing the immediate trade area and benefits from a highly defensive, non-discretionary tenancy mix. Woolworths is secured on a substantial $1.78 million gross annual rent, with built-in rental growth via turnover-linked review mechanisms and fixed base rent escalations, ensuring long-term income resilience.
The asset comprises five separately titled parcels including the main Woolworths-anchored centre, a detached convenience centre, strip retail, and two surplus residential lots, providing future development, subdivision and value-add flexibility. The main centre has recently undergone a comprehensive $25 million rebuild completed in 2022, significantly reducing near-term capital expenditure requirements.
Key investment highlights include:
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Kenmerken
Netto gebouwoppervlakte
7.650 vierkante meter
Bouwjaar
2022
Bruto landoppervlakte
1,8 ha
Media
Investeringskenmerken
- Dominant neighbourhood shopping centre anchored by Woolworths, accounting for 46% of GLA
- Secure income profile with a 4.2-year WALE (by income) and predominantly net and semi-gross lease structures
- 70%+ of GLA comprised of supermarket, essential services and medical tenants
- Irreplaceable 1.86ha landholding with extensive frontage to Broadwater Terrace, Marine Street, James Street and Stradbroke Street
- Surplus residential land offering future pad site or residential development optionality (STCA)
- Located within a high-growth bayside corridor with forecast 1.7% population growth and 5.4% retail expenditure growth per annum to 2046
- Fully leased income of $3,748,444 p.a.* with strong specialty mix and essential-services weighting
Redland Bay Village is offered for sale individually or in one line via Expressions of Interest, closing 4:00pm (AEST), Thursday 26 March 2026.
Contact adviseurs
133 Broadwater Tce, Redland Bay (0 Eigendommen)
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Laatst bijgewerkt
25 feb 2026
