JLL is privileged to present the opportunity to purchase Greenacre Village Shopping Centre, a rare freestanding Coles Supermarket with two specialties located in inner south-west metropolitan Sydney.
Strategically positioned on a landmark site, Greenacre Village has established itself as the heart of Greenacre’s retail precinct. Located two kilometres northeast of the Bankstown CBD, the centre will directly benefit from the significant infrastructure and institutional investment occurring in the key strategic hub. The Bankstown CBD is set to reach 46,000 residents by 2036 through creating an additional 6,200 homes and a total of 25,000 jobs.4
Greenacre Village is underpinned by significant long-term mixed-use development prospects having recently benefitted from favourable alterations to its development controls. Situated on an expansive 7,493 sqm landholding, the centre’s B2-Local Centre zoning allows for a total floor space of 19,000 sqm, with a maximum height limit of 20 metres.5
Key investment highlights include:
Only the third opportunity in a decade to acquire an inner metropolitan Sydney freestanding supermarket with two specialties.1
Highly Defensive Income Stream
Net income of $1.59 million, with 87% of gross income underpinned by Coles, providing an attractive 5.73 year WALE.2,3
Built for Convenience
Purpose-built in 2012 by Coles, the centre has been specifically built for retailer convenience with 199 easily accessible basement car bays.
Strategically located 15 kilometres from the Sydney CBD on a substantial 7,493 sqm landholding in the heart of Greenacre’s retail precinct.
All figures stated are approximate.
All references to distances are as the crow flies.
All references to financial information is estimated as at 1 December 2023
1. On-market, freestanding supermarket transactions within a 20 km radius of the Sydney CBD.
2. Weighted average lease expiry by area.
3. Gross income excluding sundry income.
4. Bankstown City Centre – Adopted Master Plan, September 2021
5. Planning Portal NSW Government – rounded to nearest 1,000 sqm (STCA)
Greenacre Village is being offered for sale by an expressions of interest process closing 3:00pm (AEDT) Wednesday, 18th October 2023.