The Lookout, Echo Point_Property for Sale

33-37 Echo Point Road, Katoomba, NSW, 2780, AU

The Lookout, Echo Point

Asset Description

JLL is privileged to present The Lookout Echo Point for sale by way of Expression of Interest closing 3:00pm (AEST), Wednesday, 2^nd October 2024.

Located less than 100 metres from the Blue Mountains most visited tourist destination, the Three Sisters, The Lookout Echo Point is a never to be repeated hospitality and retail investment.

The Lookout Echo Point is anchored by the award-winning hospitality group Trippas White Group and is further supported by popular tourist retailers AU Range and Outback Opals & Gems. Combined the tenants provide a highly secure income stream with an attractive 4.84 year weighted average lease expiry (WALE).¹

The Blue Mountains is Sydney’s most sought-after natural tourist destination and is easily accessible by both car and train. Being only 45 minutes from the Sydney CBD, the Blue Mountains attracts 4.3 million annual visitors, generating over $915 million worth of tourism expenditure.²

In addition, the Blue Mountains is home to over 78,000 residents and benefits from a strong local economy with its median household income being 25% the New South Wales benchmark.³

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Attributes

Building area net

2,025 m²

Land area gross

1,783 m²

WAULT

4.84 years

NOI

NT$28,799,000

Media

Investment Highlights

An irreplaceable 1,783 sqm landholding at the heart of the Blue Mountains most travelled destination.

Nearly 80% of income is underpinned by Trippas White Group till 2030, offering a fully lease net income of $1.36 million and an attractive 4.84-year WALE.¹

Located in the Blue Mountains, Sydney’s most sought-after natural tourist destination. The world-heritage listed destination attracts a staggering 4.3 million visitors per year.²

In addition to the Blue Mountains strong local economy, the globally recognised destination benefits from an annual tourism spend of over $915 million.²

Trippas White Group is an award-winning hospitality group, operating across 19 venues. Multiple of the group’s venues are located in globally recognised destinations like the Sydney Opera House, Taronga Zoo and Royal Botanic Garden Sydney.⁴

Footnotes

All figures stated are approximate.

All references to distances are as the crow flies.

All references to financial information is estimated as at 1 November 2024

1. By Income

2. Destination NSW, Blue Mountains Snapshot March 2024

3. Australian Bureau of Statistics, Blue Mountains 2021 Census

4. Trippas White Group, August 2024