Colliers are excited to present an opportunity to acquire a 100% fully leased ALDI anchored neighbourhood shopping centre, situated in the Hornsby Shire, 38 kilometres northwest of Sydney CBD.
Built in 2009, ​​​Galston Village Shopping Centre​ comprises a 2,541m² Centre anchored to ALDI and Liquorland, supported by a pharmacy, dentist, café and four other specialty tenants, serviced by a convenient under-croft car park.
80% of the Centres GLA is secured by essential service retailers, offering a highly desirable and defensive convenience-based retail investment opportunity.
- ALDI and Liquorland secure 74% of the GLA
- Long WALE of more than 7 years
- 100% of income profile with CPI or fixed rental reviews
- Award winning construction – 2010 Master Builders Association (MBA) Excellence in Construction Award
- Average specialty rent 24% below Urbis Benchmark¹
- Over 80% of GLA and income secured by essential service retailers
- New 10-year lease extension to ALDI with options until 2044
Expressions of Interest closing 2.00pm (AEST) on Wednesday, 18 September 2024.
¹ Urbis Benchmark, 2023
*Figures are approximate only
Remember to mention you found this property on CommercialReady
Colliers are excited to present an opportunity to acquire a 100% fully leased ALDI anchored neighbourhood shopping centre, situated in the Hornsby Shire, 38 kilometres northwest of Sydney CBD.
Built in 2009, ​​​Galston Village Shopping Centre​ comprises a 2,541m² Centre anchored to ALDI and Liquorland, supported by a pharmacy, dentist, café and four other specialty tenants, serviced by a convenient under-croft car park.
80% of the Centres GLA is secured by essential service retailers, offering a highly desirable and defensive convenience-based retail investment opportunity.
- ALDI and Liquorland secure 74% of the GLA
- Long WALE of more than 7 years
- 100% of income profile with CPI or fixed rental reviews
- Award winning construction – 2010 Master Builders Association (MBA) Excellence in Construction Award
- Average specialty rent 24% below Urbis Benchmark¹
- Over 80% of GLA and income secured by essential service retailers
- New 10-year lease extension to ALDI with options until 2044
Expressions of Interest closing 2.00pm (AEST) on Wednesday, 18 September 2024.
¹ Urbis Benchmark, 2023
*Figures are approximate only
Remember to mention you found this property on CommercialReady
Galston Village Shopping Centre 346 Galston Road, Galston, NSW, 2159