Langston Village, Epping_Property for Sale
Langston Village, Epping_Property for Sale
12-22 Langston Place, Epping, NSW, 2121, AU

Langston Village, Epping

Asset description

JLL is excited to present Langston Village (the Centre) For Sale by way of Expressions of Interest (EOI) close at 3pm (AEST) Thursday, 1st August 2024


A prime retail destination in the heart of Epping. This newly built centre offers a compelling opportunity for investors seeking a stable and reliable income stream.


The Centre's strategic location in the dynamic and rapidly growing suburb of Epping in Sydney's northwest further enhances its value. Situated just 16 kilometres from Sydney CBD, it is poised to capitalise on the influx of residents with more than 1,885 new dwellings either under construction or proposed within its main trade area.^^

...

Attributes

Building area gross
2,254 sm
Occupancy
96.4%
Year built
2022
Land area gross
2,254 sm
Call for offers
07/31/2024

Media

Investment highlights

Investment highlights:


- Highly defensive income stream being 96% occupied, with a fully leased net income of $1.17 million and an attractive 5.3-year WALE.*


- Located 16 km from the Sydney CBD, adjacent Epping train station, benefiting from 7.18 million annual passenger movements.**

  

- 84% of gross specialty income underpinned by attractive 4.0% or greater fixed annual reviews.***

 

- Average low gross specialty rental of $842/sqm, 21% below benchmark providing long term rental growth.^

 

- Completed in 2022, providing attractive depreciation benefits for an incoming purchaser.


- Awarded Urban Taskforce Australia’s High-Density Residential Development City Award in 2023.


- Set to capitalise on 1,885 residential apartments either proposed or under construction within its main trade area.^^


Langston Village (the Centre) For Sale by way of Expressions of Interest (EOI) close at 3pm (AEST) Thursday, 1st August 2024


All enquiries, information requests, inspection arrangements and lodgement of offers are to be directed to the exclusive selling agents.


Footnotes 


*By gross lettable area.

*Weighted Average Lease Expiry by income.

**Passenger movements recorded for the year ending February 2024 - LocationIQ Report: 

Langston Village, May 2024.

***Gross passing income.

^Average gross passing specialty income ($/sqm).

^Urbis Benchmark - Single Supermarket 2023.

^^LocationIQ Report: Langston Village, May 2024.

Langston Village, Epping 4_Property for Sale
Langston Village, Epping 4_Property for Sale

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Last updated
Jul 11, 2024