Dominant Neighbourhood Shopping Centre Investment Opportunity in High Growth TAS Region - For Sale

SOLD

6 Shoreline Drive

Howrah TAS 7018

Retail

FOR SALE

6017m2

    • Building Name Shoreline Shopping Centre
Shoreline Shopping Centre, Howrah, TAS

- Thriving neighbourhood shopping centre comprising an exceptionally strong trading Woolworths Supermarket, Chicken Feed discount retailer, 18 specialty tenancies & 3 ATMs, with a total GLA of 5,987sqm (approx)

- Secure long term 15 + 5 + 5 + 5 year lease to Woolworths Supermarket (expiry 2016) providing 42% (approx) of the Centre's gross income

- Highly sought, strategic location with limited competition, 11km (approx) from the Hobart CBD with a significant Main Trade Area estimated at 29,200 people with higher than average income levels (Source: Pitney Bowes MapInfo)

- Large high profile 19,690sqm (approx) site with direct site lines and access off the South Arm Highway, the major arterial road servicing north, south & east bound commuters to and from the Hobart CBD

- Potential for future redevelopment or expansion (STCA)

- Fully leased net income $1,725,000 (approx)

For further information please contact the exclusive agent:

Simon Rooney - Head of Retail Investments - Australia
Jones Lang LaSalle
Telephone: +61 2 9220 8497
Mobile: 0418 284 680
Email: simon.rooney@ap.jll.com

Luke Harris - NSW Retail Investments
Jones Lang LaSalle
Telephone: +61 2 9220 8499
Mobile: 0425 323 712
Email: luke.harris@ap.jll.com