SOLD - Dapto (Wollongong) - NSW South Coast - Non-Discretionary Retail Centre

Cushman & Wakefield is pleased to present to the market 125 Lakelands Drive, Dapto (Wollongong) for Sale via Auction.

The property has the following key characteristics:

• Leased to 2024 + options to 2034
• Endeavour Group Limited - ASX top 50 company with over 1,200 BWS liquor stores nationally
• IGA - Leading Australian chain of convenience supermarkets with over 1,400 locations nationally
• Rare affordable non-discretionary neighbourhood shopping centre underpinned by complimentary tenancy mix including national supermarket, liquor and newsagency
• Significant 3,966 sqm corner site with low site coverage offering further value-add potential
• Strategic shopping destination – Popular local grocery & liquor store within Dapto’s core residential precinct
• Over 30+ years as a bottle shop and newsagency
• Strong retail catchment in proximity to national retailers incl. 7-Eleven, McDonalds, Aldi, AMP owned Dapto Shopping Centre & Dapto Train Station
• Dapto - Highly sought after NSW South Coast location 15km to Wollongong CBD
• Net Income $199,298 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.Edit Property Description