Portfolio

Sub-Regional Fund Portfolio

Menai,Port Macquarie,Willetton, NSW,WA, AU

Sub-Regional Fund Portfolio_Property for Sale

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Sub-Regional Fund Portfolio 2_Property for Sale

Portfolio description

An unparalleled, strong performing & dominant portfolio, offering immediate scale.


On behalf of Lendlease, JLL are pleased to present for sale the Australian convenience based sub-regional Portfolio, available individually, or in-one-line.


With a total portfolio MAT above $460 million, the three retail precincts offer dominant convenience based shopping centres across New South Wales and Western Australia, including:


  • Menai Marketplace - A dominant metro Sydney sub-regional protected by high barriers to entry and anchored by an exceptional performing Woolworths and Big W.
  • Settlement City – The largest shopping centre & the only full-line Woolworths supermarket in the growing trade area.
  • Southlands Boulevarde - A highly unique triple supermarket anchored shopping centre (Coles, Woolworths & ALDI) situated on 5.7ha in metropolitan Perth.

Attributes

Building area Net
6,550,980 sf
Land area Net
15.20 acres (662,038 sf)
Sub-Regional Fund Portfolio (3 Properties)
Sub-Regional Fund Portfolio (3 Properties)

Investment highlights

Menai Marketplace


  • Densely populated and affluent trade area of some 164,000 people about 30km south-west of the Sydney CBD
  • Only sub-regional centre within its trade area and the first sub-regional centre in Sydney formally offered to market since 2019
  • Ranked fourth in Australia by Total MAT in SCN Mini-Guns
  • Total Centre productivity $11,524/sqm, being 47% above the Urbis Benchmark
  • Ultra-convenience with 80% of gross income underpinned by non-discretionary tenants
  • Highly affluent catchment with average household incomes of $146,786 being 28% above Sydney metro averages


Settlement City


  • Largest centre in the Greater Port Macquarie region, featuring the only Woolworths and Big W within its trade area
  • Ranked 12th in Australia by Total MAT in SCN Mini-Guns
  • Retail expenditure in the trade area is forecast to grow at a rate of circa 3.5 per cent per annum, underpinned by local trade and tourism, with approximately 3.1 million people shopping there each year
  • Dominant major tenant performance contributing 62% to total MAT
  • Strong population growth of 1.4% p.a. until 2041 - outpacing the NSW non-metro averages
  • Convenience centric with 74% of the GLA weighted toward non-discretionary retailers


Southlands Boulevarde


  • Holds a strong local convenience offer and is the largest centre in its trade area of over 84,000 people
  • One of only 10 triple supermarket shopping centres in Australia without a DDS
  • Substantial & strong performing food & grocery offer underpinning 50% of GLA, however contributing 73% to total MAT
  • Unique entertainment offer with a recently refurbished Hoyts Cinema leased until 2037
  • Affluent demographic with household incomes 8.5% above the Perth metro average and situated just 12 km south of Perth CBD


The properties are for sale via an Expressions of Interest campaign closing 2:00pm (AEST) Thursday, 18th August 2022.


To obtain further information or to arrange an inspection, please contact the selling agents.


Notes:

  • All demographic statistics are per the individual demographic reports prepared by Location IQ
  • All MAT / sales data is as at May-22 and including GST
  • Southlands Boulevarde will be a triple supermarket anchored shopping centre upon ALDI opening. ALDI currently within AFL period.
  • DDS is Discount Department Store
Sub-Regional Fund Portfolio 4_Property for Sale

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Last updated
Nov 30, 2022