Thriving IGA Supermarket + Retail

Description

CBRE is pleased to present this IGA anchored investment located at 28-30 Elbow Street, West Kempsey NSW, to the market via Investment Portfolio Auction 185.

The property has the following key highlights:

+ Twenty-six (26) year anchor supermarket lease to 2036, plus three (3) further five (5) year options extending to 2051
+ IGA: a nationally recognised brand operating over 1,400 stores across Australia
+ Complementary longstanding lifestyle tenants including hairdresser (Heavenly Hair) and health foods store (Finding Grace)
+ Landlord friendly net leases, tenants responsible for all usual outgoings including council rates, water rates and insurance
+ Situated in absolute prime CBD position with a diverse mix of commercial and essential services nearby including Douglass Hanly Moir, Services NSW, TAFE, Kempsey Sporting complex, Kempsey Shire Council and Kempsey Police Station
+ Highly convenient main street supermarket offering exceptional exposure to passing vehicular and pedestrian traffic directly opposite Australia Post and Kempsey West Public School
+ West Kempsey serves as the Shire’s main residential catchment, home to a thriving retail and commercial centre, leading schools, and essential community infrastructure
+ Kempsey: a thriving regional centre with a growing economy underpinned by tourism, agriculture and service industries
+ Net Income: $184,462 pa* + GST

To be sold via Investment Portfolio Auction
10:30am (AEST) Tuesday 23 June 2026
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approx

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Contact agents
Darren Beehag Senior Director
0411 226 223
Flynn McFall Negotiator
0481 187 191
Ben Parsonage Junior Sales Associate
+61 455 331 841
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West Kempsey, NSW

28-30 Elbow Street

For Sale by Portfolio Auction
Tuesday 23rd June 10:30AM Yallamundi Rooms, Sydney Opera House

This property is part of Portfolio 185

Price: Contact Agent

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