Real Estate Australia

Tamworth Lifestyle Centre
$15,100,000 Excl GST



  SOLD  

Property Location: 31-43 The Ringers Road Tamworth - TAMWORTH - NSW

Listing Id: 20693296  

Land

Size: 23835 Square Mtr Approx  

Description: Burke & Smyth Commercial and Jones Lang LaSalle (JLL) are delighted to offer for sale 31 - 41 The Ringers Road, Tamworth (The Lifestyle Centre). Arguably representing one of the most dominant and securely leased LFR centre in the affluent New England Region of New South Wales. The Lifestyle Centre will offer retail investors with an opportunity to acquire an excellent established and fully leased LFR centre, benefiting from the following strong investment characteristics:

-NSW's 2nd largest inland city, servicing a population base estimated at some 200,000 people (within 2hrs drive time)

-Well established, purpose built, high quality LFR centre of 11,741sqm, strategically positioned in a dedicated retail precinct only some 5kms south of the Tamworth CBD

-Securely leased centre boasting high tenant retention and income security (6.02 yr Wale - by gross income)

-Strong tenant profile, including anchor tenant Harvey Norman occupying 56% of total centre area

-National/multiple tenants occupy 92% of centre area and contribute 92% passing gross income

-Low average passing rents (only $117/sqm net) - sustainability & future income growth prospects

-Strategic 2.38ha 'B4' zoned site, permitting flexible future; retail, commercial and residential uses

Tamworth Lifestyle Centre
$15,100,000 Excl GST


Contact Burke & Smyth Real Estate Today!!!

Contact Gavin Knee
Phone 0427 669 151

Contact Meagan Palombo
Phone 6766 1411

Property ID:20693296

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