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Asking Price Contact for pricing
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Property Description

JLL is pleased to offer for sale Woolworths Bulli – a high performing neighbourhood centre with exceptional underlying fundamentals.


Located 12km north of Wollongong CBD, the centre provides unparalleled income security in one of NSW’s tightest geographical catchments. 

Investment Highlights

  • Brand-new 10 year lease to Woolworths (expiring 2031 with options)
  • The last full-line supermarket before metropolitan Sydney, some 30km north
  • Highly convenient and accessible site, fronting the Princes Highway & located 200 metres from Bulli Station
  • Four (4) defensive non-discretionary retail tenants (Woolworths anchors 92% of the Centre’s lettable area)
  • Affluent catchment with household incomes 28% above Non-metro NSW (source: ABS), and house price growth of 94% since Dec-14 (source: realestate.com.au)
  • Attractive “B2 – Local Centre” zoning and 1.5:1 FSR providing flexible future mixed-use development upside
  • Fully leased net income $1.45* million p.a.

Woolworths Bulli is being offered for sale by way of expressions of interest, closing Thursday 29th of April 2021 at 2.00pm (AEST).

Last Updated Date: 08 Apr 2021
Sam Hatcher
Sam Hatcher
Joint Head of Retail Investments - Australia
Nick Willis
Senior Director, Capital Markets Transactions
Last Updated Date: 08 Apr 2021

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