11A Wiseman Street
Shorewell Park TAS 7320
Offers Over $4.3 Million, closing 18 June at 4pm
Shorewell Plaza – BWS & IGA Anchored Neighbourhood Shopping Centre with Value-Add Upside
Elders Commercial Tasmania is pleased to present Shorewell Plaza, a convenience-based neighbourhood retail centre strategically positioned within the heart of Shorewell Park, Tasmania.Underpinned by a strong mix of essential service and convenience-based tenants including IGA, BWS, Viva Energy, pharmacy and community-based occupiers, the asset represents a rare opportunity to secure the only neighbourhood retail centre servicing the surrounding residential catchment.
The property provides diversified income with further upside through existing vacancy and turnover rent generated by BWS, presenting investors with both immediate cash flow and future rental growth potential.
Key Investment Highlights
+ The only neighbourhood retail centre servicing Shorewell Park
+ Net income of $368,326 pa* + GST + Outgoings
+ Turnover rent generated by BWS in addition to the reported net income
+ Strong convenience-based tenant mix including IGA, BWS, Viva Energy, Housing Choices and pharmacy operators
+ Value-add potential through circa 146 sqm* of vacant lettable area available for lease
+ Large 4,383 sqm* landholding improved with a total lettable area of 1,698 sqm*
+ 60* on-grade car parks with efficient drive-around circulation and multiple access points
+ Defensive non-discretionary retail profile servicing an established residential catchment
Shorewell Plaza offers investors the opportunity to secure a strategic neighbourhood retail asset underpinned by essential retail expenditure, strong local reliance and future leasing upside.
Please contact one of the exclusive listing agents to arrange an inspection or to obtain further information.
*Approximate only.
Features
General Features
- Commercial Type: Retail
- Building Area: 1,698sqm
- Zoning: Local Business
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