Burgess Rawson is pleased to announce that this trophy large format retail investment leased to ‘The Good Guys’ at 2B Chelmsford Drive, East Maitland (Newcastle) has sold via private treaty.

The outstanding opportunity has the following key investment highlights:

+ Trophy large format retail investment in prime Hunter Region location
+ Strong national tenant ‘The Good Guys’ owned by JB Hi-Fi, now with 106 locations
+ Parent company JB Hi-Fi with over 300 stores across Australia and New Zealand with market cap of 6.28 billion
+ Renewed 5 lease plus option until September 2032
+ Large 2,426sqm land area with ample on-site customer parking
+ Strong trading store within established and tightly held bulky goods centre occupied by other national retailers including Supercheap Auto, Petbarn and adjacent to major shopping centre ‘Stockland Green Hills’
+ Excellent demographics with 100,000+ residents within a 10km radius and part of the fast growing Hunter Region with a population of 682,000+
+ Strategic and highly exposed New England Highway position with circa 40,000 passing vehicles daily
+ Attractive annual CPI rent reviews
+ Tenant responsible for outgoings, as per lease

Please contact the exclusively appointed team for more information.

*Approx.