Project Description

Address

330 King Street, Newtown NSW 2042

Purchase price

$26.4 million

Acquisition date

April 2015

Description

A prominent neighbourhood shopping centre in Sydney’s inner west. Completely refurbished in 2008/2009 and located on busy King Street, immediately adjoining Newtown Railway Station, the centre presents a modern retail precinct on a busy pedestrian and vehicular thoroughfare.

Features

The property with a total lettable area of 3,373m2 is a three level retail centre comprising two anchor tenants, Foodworks and Fitness First, 10 specialty stores, two ATM’s,  1  kiosk and car parking for 51 vehicles across the basement and an additional car park adjoining the property.

Key tenants

Fitness First, Foodworks and Cellarbrations.

Passing yield

5.9%1

Weighted average lease expiry (WALE)

6.6 years1

IMAGE GALLERY

1 Calculated as of 30 June 2017