Brand New High Yielding Neighbourhood Shopping Centre Investment Opportunity

SOLD

Jindera NSW 2642

Retail

FOR SALE

1660m2

    • Building Name Jindera Plaza
Newly built and opened in March 2005, the Jindera Plaza Shopping Centre is a modern neighbourhood shopping centre anchored by a strong trading IGA Supermarket. The Centre also features a Pharmacy, Bakery, Butcher, Pizza, Council Office, Building Society and ATM. The Centre comprises a Gross Lettable Area (GLA) of approximately, 1,660 m2 and features a simple, efficient L shape configuration with all shops fronting the car park.

Located approximately 15km from the Albury CBD in the township of Jindera, the Centre occupies a 4,047 m2 site on one of the towns prime corner sites. The site has two extensive main road frontages and rear lane access for commercial deliveries and includes multiple ingress/ egress points, providing excellent local and regional accessibility. At-grade parking facilities are provided on-site for 59 vehicles.

Jindera Plaza is currently fully leased with a net income of $203,607 p.a. (approx.). It offers a highly secure income stream and tenure with IGA Supermarket committed until 2020 via a 15 year lease, plus three x five year options. IGA Supermarket occupies approximately 69% of the Centre’s GLA and contributes approximately 54% to the Centre’s gross income.