Ormeau Town Center for sale, at 29 Peachey Road. It is a well-established convenience based neighborhood shopping center anchored by a 1,846 sqm Drake’s SUPA IGA.
· Diverse tenancy profile of both national & strong performing local retailers, with 62%* of income provided by national tenants Drake’s, Domino's and Snap Fitness
· Strong income growth with fixed annual rent reviews between 2.50% and 5.00% for all tenants
· Dominant corner site within Ormeau’s central retail precinct with direct access to the Pacific Motorway
· Situated in growth catchment with MTA retail spend to grow by 5.69%p.a. to $676.5 million in 2031 ^
· Estimated fully leased net income of $1,188,961 p.a.* as on December 31, 2018
^ Source: Location IQ