SWANSEA WOOLWORTHS
Location
86 Pacific Highway, Swansea New South Wales
Building completion date
October 2009
Parking
221 on grade car spaces adjoining leased from Council
LGA/Zoning
Lake Macquarie City Council. Zone B2 – Local Centre.
Catchment Area
Swansea is located on the New South Wales Central Coast at the entrance to Lake Macquarie, approximately 26 kilometres south of Newcastle Central Business District and approximately 117 kilometres north of the Sydney CBD. The centre occupies a prominent position along the Pacific Highway within Swansea with rear access and exposure to Josephson Street.
Swansea is an established residential suburb that is also a popular tourist destination given the surrounding lakes and parklands.
The Swansea Town Centre is the major retail precinct in the locality, providing a range of shops and services for residents and tourists, including the Lake Macquarie Visitors Information Centre. Swansea Woolworths is the largest retail centre within the Town Centre and enjoys a high profile location at the northern end of the precinct on the intersection of the Pacific Highway and Belmont Street.
Development in the surrounding area comprises predominantly retail uses along the Pacific Highway. Immediately to the west of the site comprises low-medium density residential dwellings throughout the suburb of Swansea.
Type
Neighbourhood
Specialty tenants
4
Independent Valuation ($m)
$15.3m
Capitalisation Rate
6%
Property GLA (sqm)
3,677.2
Occupancy
100%1
Anchor Tenant
Woolworths Group
WALE (years)
15.76
Site area incl parking (sqm)
3,933
For more information on Swansea Woolworths see the Product Disclosure Statement.
1 The rental guarantee applies to vacancies until 30 June 2020.