Property Listings – NSW
FOR SALE
Colliers, in conjunction with JLL, are excited to offer for sale Coles Richmond Mall, a high-performing Coles anchored Neighbourhood Shopping Centre strategically located 500 metres* from Richmond Station, in Sydney’s emerging northwest corridor, 40 kilometres* west of Parramatta and 65 kilometres* west of the Sydney CBD. Recently refurbished in 2023, the single-level 5,153m² Centre serviced by an at grade 299 space council car park³ is the ultimate convenience offering. Boasting a full-line Coles & Liquorland and 11 complementary specialty tenants, the Centre stands as a high-profile investment opportunity. Coles & Liquorland accounts for 80% of the GLA and trades 18% above the benchmark with Coles paying turnover rent; the Centre presents a high-profile offering that requires minimal management input and a strong growth outlook.¹
Coles secure 80% of GLA
Long WALE of more than 7 years
Recently refurbished in 2023
Coles MAT 18% higher than Urbis benchmark 1
MTA supermarket expenditure 37% higher than Sydney benchmark 2
Coles paying turnover rent
1 Urbis Single Supermarket Benchmark, 2023 2 Location IQ, 2024 3 Not on title *Approx.
EXPRESSIONS OF INTEREST CLOSING 2.00PM (AEDT) ON WEDNESDAY, 27 MARCH 2024
EXCLUSIVE SALES AGENTS
BEN WILKINSON Manager, NSW Retail Middle Markets +61 449 928 840 Ben.Wilkinson@Colliers.com
JAMES WILSON Head of Retail Middle Markets Australia +61 402 079 304 James.Wilson@Colliers.com
38 – April / May 2024
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