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Description: Our client has decided to market their long held suburban shopping centre in Rochedale South.
Centre Place Shopping Centre features 11 long term tenants who have been trading successfully for numerous years in the high growth suburb of Rochdale South.
Surrounded by a solid residential catchment area, the property benefits from being well located on a major arterial road which is used for easy access to routes connecting to the M1.
This opportunity comprises 11 retail tenancies spread across 4 titles and two of the properties are already separate, being the property tenanted by the podiatrist and the remainder of the tenancies.
The shopping centre benefits from abundant on street angle parking directly in front of the shops, along with parking spaces at the rear of the proeprty.
Further benefits of this opportunity are as follows:
* Nett income of $331,867 per annum (current);
* All leases are nett leases allowing for 100% recovery of outgoings;
* Diverse mix of tenants allowing for a stable income stream;
* Situated near new residential estates under construction;
* High exposure position on busy arterial road;
* Long term tenants offering secure income to buyer;
* Easy to manage asset;
* Enquire now for detailed IM.
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