Rare Sydney metro dual-supermarket neighbourhood shopping centre
Pacific Parade 19, Dee Why NSW 2099
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RetailSize: n/a
Block size: 3.52 Hectares approx.
JLL & Stonebridge are pleased to present for sale Dee Why Grand, a rare dual-supermarket neighbourhood centre in Sydney's affluent northern beaches, 14 kilometres* from Sydney CBD. The Centre is a premier convenience offering and is the retail component of a thriving mixed-use development, comprising the Dee Why Hotel, a 10-storey office building, 170 residential apartments plus a three-level basement car park.
- Dominant dual-supermarket neighbourhood centre anchored by national heavyweights Coles and ALDI plus two mini-majors, 24 specialties and five kiosks across 9,976 sqm of GLA
- A triple street frontage and exposure to Pittwater Road, the main arterial road servicing the Northern Beaches with 175,000* daily passing vehicles
- Highly affluent total trade area of over 139,000 people with an average per capita income 19% above the Greater Sydney average 1
- Exceptional income security, 98% occupancy (by area), 5.3-year WALE (by area), average weighted rental increases of 3.4% and 94%* of income is underpinned by grocery, food, health and services
- Strong performing specialty stores with tenant productivity of $9,395/sqm*, 25% above benchmarks** and sustainable occupancy cost ratio of 13.5%
- Excellent parking provision for 412 basement car spaces on title ( 4.1 spaces per 100 sqm of lettable area)
- Institutional quality asset, managed by ISPT with $3.7 million common mall refurbishment completed and minimal future CAPEX requirements
- Estimated fully lease net income of $4.4 million* per annum as at 1-Jun-24
Dee Why Grand is for sale via Expressions of Interest, closing Friday 3 rd May 2024 at 12:00 pm (AEST).
For further information or to arrange an inspection, please contact the exclusive selling agents.
* Approximate
1 LocationIQ Mar-24
2 Excluding Majors
3 Urbis benchmark for 'Double Supermarket Based Shopping Centres'
Financial data as at 1-Jun-24; turnover figures as at Jan-24
- Dominant dual-supermarket neighbourhood centre anchored by national heavyweights Coles and ALDI plus two mini-majors, 24 specialties and five kiosks across 9,976 sqm of GLA
- A triple street frontage and exposure to Pittwater Road, the main arterial road servicing the Northern Beaches with 175,000* daily passing vehicles
- Highly affluent total trade area of over 139,000 people with an average per capita income 19% above the Greater Sydney average 1
- Exceptional income security, 98% occupancy (by area), 5.3-year WALE (by area), average weighted rental increases of 3.4% and 94%* of income is underpinned by grocery, food, health and services
- Strong performing specialty stores with tenant productivity of $9,395/sqm*, 25% above benchmarks** and sustainable occupancy cost ratio of 13.5%
- Excellent parking provision for 412 basement car spaces on title ( 4.1 spaces per 100 sqm of lettable area)
- Institutional quality asset, managed by ISPT with $3.7 million common mall refurbishment completed and minimal future CAPEX requirements
- Estimated fully lease net income of $4.4 million* per annum as at 1-Jun-24
Dee Why Grand is for sale via Expressions of Interest, closing Friday 3 rd May 2024 at 12:00 pm (AEST).
For further information or to arrange an inspection, please contact the exclusive selling agents.
* Approximate
1 LocationIQ Mar-24
2 Excluding Majors
3 Urbis benchmark for 'Double Supermarket Based Shopping Centres'
Financial data as at 1-Jun-24; turnover figures as at Jan-24
Inspections
No open inspections scheduled.
Send an enquiry
Contact Nick Willis to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Block Size:
3.52 Hectares*
Other Details
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Block information
Block size: 3.52Hectares (approx)
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SummaryMedian sales
Average Age
37 years
Population
23,354
Listing ID: 182416488. This listing has been viewed 0 times. It was first displayed on 03/04/2024 and last updated on 04/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.