Alternatives

169 Clarinda & 2-6 Browne Street

1-6 Browne Street & 169 Clarinda Street Parkes, NSW Australia 2870
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1990
Building Area
Land Area

Property Description

The Big W Center in Parkes is up for sale by way of Public Auction on Thursday 31 October, 2019. The property consists of approximate 11,242 sqm of land with one of Australia's largest retailers, Big W and five specialty shops. Located on the main commercial strip of Parkes, the property provides quality parking opportunities for approximately 206 cars and significant exposure. Parkes is the center of the inland rail network which commenced in 2018 and is set for completion in 2025. The Inland Railway is a railway construction project extending from Melbourne to Brisbane along a route West of the mountainous Great Dividing Range and will be the critical backbone of transport and logistics driving our nation's global competitiveness into the future.     

Investment Highlights

  • Amongst national tenants & high street retail
  • National Logistics Hub
  • CBD location
  • Diverse income
  • Passing Income $904,571 p.a. plus upside
  • Parkes is the center of the inland rail network, extending from Melbourne to Brisbane
Peter Seeto
Director, Metropolitan Sales & Investments- Australia

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