Macarthy Fair Shopping Centre
De Clara Property is proud to announce to the market the iconic Macarthy Fair Shopping Centre For Sale via Expressions of Interest.
The fully leased freehold centre is being offered to the market for the very first time and presents an exceptional investment opportunity with excellent redevelopment potential and ‘value-add’ upside. The site is positioned with high exposure having two street frontage to Macarthy and Third Avenues and comprises a substantial land holding of 4,869 square metres (zoned – Neighbourhood Centre).
The property is improved with a low maintenance single level freestanding ‘L-shaped’ building providing 1,058sqm of net lettable area configured for (up to) 14 individual tenancies. The centre is currently anchored by national tenants BWS and SPAR Convenience Store along with 9 other specialty shops and has on-site car parking for over 60 vehicles. The property is fully leased with a current net income of $232,263pa.
Act now and don’t delay as this fantastic opportunity is one not to be missed. For further enquiries or to make an appointment to view please contact Andrew on 0422 164 623 or via email.
Real Property – Lot 7 on Registered Plan 217469