1 Keene Street, Cessnock, NSW, 2325, AU

Cessnock Village

Description

JLL is privileged to present Cessnock Village for sale by Expressions of Interest closing 3:00pm (AEDT), Tuesday 31^st March 2026.

Anchored by a high-performing Woolworths supermarket trading over 40% above benchmark alongside BWS, the centre is further supported by 15 specialty retailers, a kiosk and ATM. The centre provides exceptional income security of $2.99 million per annum, with 98% of gross income underpinned by national and chain retailers.¹

Occupying a substantial 15,920 sqm island site in the centre of Cessnock's CBD with three street frontages, Cessnock Village provides a seamless shopping experience which is complemented by an abundance of 245 at-grade car bays. Significantly refurbished in 2019, the centre benefits from strong occupancy and an attractive WALE of 7.98 years - underpinned by Woolworths' new 10-year lease with five further 10-year options extending to 2086.²

Located 40 kilometres from Newcastle CBD, Cessnock forms part of the Hunter Region and is one of New South Wales' fastest-growing regional locations with 2.3% forecast annual population growth to 2035. The trade area population is forecast to grow from 42,800 in 2025 to 48,590 over this period, with retail expenditure projected to reach $1.03 billion at a 4.3% annual growth rate. With ongoing significant public and private infrastructure investments including the $138 million Cessnock Hospital Redevelopment and $3.2 billion Hunter-Central Coast Renewable Energy Zone, Cessnock is positioned to continue growing above regional benchmarks.^1,3

...

Attributes

Building area gross

60,633 sf

Occupancy

100%

Land area gross

171,361 sf

WAULT

7.98 years

Call for offers

03/30/2026

Media

Investment highlights

Investment highlights:

Exceptional, brand-new 10-year lease to Woolworths expiring in March 2036 with 5 x 10-year options.

Anchored by a high-performing Woolworths supermarket with trade performance nearly 40% above the Urbis benchmark.¹

80% of gross income underpinned by non-discretionary retailers providing a highly attractive WALE of 7.98 years.

Significantly refurbished in 2019, Cessnock Village's supermarket anchor combined with 15 specialties and an ATM provides an attractive convenience offering.

Located in a fast-growing trade area with 1.4% forecast annual population growth, delivering 4.3% CAGR retail expenditure growth over the next 5 years.¹

Footnotes

All figures stated are approximate.

All references to distances are as the crow flies.

All references to financial information are estimated as at 01 June 2026

1. Urbis Report – Cessnock Village (March 2026)

2. WALE by area

3. Hunter Investment Prospectus – 2024