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The Village on Summer Street – Outstanding newly refurbished neighbourhood centre PLUS development land.
- Attractive 7.3-year WALE*
- Significant 2.1 Ha Site*
- Best-in-class refurbishment
JLL is privileged to present the extraordinary opportunity to purchase The Village on Summer Street, a recently refurbished dominant neighbourhood shopping centre dual anchored by IGA & Dan Murphy’s.
- 75% of income underpinned by IGA Fine Foods Markets (Metcash guaranteed) and Dan Murphy’s (Endeavour Group), providing a secure 7.3 year WALE*
- Only full line liquor superstore in the MTA, Dan Murphy’s is trading at over 50% above industry benchmarks and supported by 8 non-discretionary specialty tenants
- 2.1Ha* site in the Orange CBD with a low site coverage of 23%* including an additional 2,573sqm* development site with flexible mixed-use zoning
- Orange is a thriving regional city and award-winning winery region underpinned by outstanding population growth of 1.5% p.a*
- 75% increase in the Median House price over the prior 4 years
- Fully leased net income: $2.15 million* per annum