// RETAIL CENTRE - PROSPECT, NSW
About
Homemaker Prospect is a 25,436sqm LFR Centre, located on a 6.5-hectare site (over two titles) with excellent accessibility from the Great Western Highway, M4 Motorway & M7 interchange, in one of the fastest growing corridors of Sydney.
Long established LFR Centre with several major tenants including Fantastic Furniture, Nick Scali, The Good Guys, Bing Lee, Plush & Beacon Lighting.
Strategy
Homemaker Prospect is a 25,436sqm Large Formal Retail Centre, located on a 6.5-hectare site with excellent accessibility in one of the fastest growing corridors of Sydney.
The strategy is to increase rental income via a program of regeneration and re-positioning of Prospect as a quality Homemaker Centre via physical improvements and optimisation of the tenancy mix.
Key Features
- 6.5-hectare site with excellent accessibility in one of the fastest growing corridors of Sydney
- Key national retailers Fantastic Furniture, Nick Scali, The Good Guys, Bing Lee, Plush and Beacon Lighting
- Undertake capital improvements and rejuvenate the tenancy mix. Potential expansion to introduce Childcare, Auto, Equipment, Sports & Leisure, F&B, Services, Medical and Trade retailers to enhance the mix and drive foot traffic
- AsheMorgan has successfully executed a similar strategy at Crossroads Homemaker Centre, which included a comprehensive review of the tenancy mix with a focus on broadening the retail uses (Auto, Equipment, Sports & Leisure, F&B, Services and Trade)
- Stable and reliable monthly distributions given the national retailer base
- Separate land titles provides optionality for sale and / or alternate use.
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Investment Manager