PRIME RETAIL ASSET | ONCE IN A LIFETIME OPPORUNITY
First National Commercial Hills Central is proud to offer "The Village Court Arcade", 289 Old Northern Road, Castle Hill for sale by way of Public Auction.
The Village Court Arcade is truly a rare piece of retail history in the heart of the Castle Hill CBD. This free-standing multi-tenanted retail asset is located within Castle Hill's most desirable location, directly opposite Castle Hill's retail and entertainment powerhouse, Castle Towers.
Castle Towers recently added its metro mall costing $180M, incorporating a vibrant fresh food marketplace plus the major rejuvenation of "The Piazza" dining precinct and central atrium.
This amazing opportunity is located directly opposite "The Piazza" and is easily accessible via a crosswalk into the arcade through to Castle Mall Shopping Centre, a major shopping space, which includes more than 30 specialty retail stores and home to Castle Hills longest running and largest Medical Facility, Castle Hill Medical Centre.
This premium investment opportunity includes a total of 10 ground floor shops, a kiosk plus a first-floor office. Two shops enjoy direct exposure to Old Northern Road and The Piazza. Proven to be popular with its exceptionally low vacancy rates, the tenancy mix includes a Newsagency, Chinese dumpling bar, caf, nail bars, hair and beauty salons, barbers, and a music school. The arcade enjoys abundant foot traffic seven days a week.
Key attributes
- Net income $580,200 pa net (excluding GST)
- Building size 609.50sq m (10 shops + 1 office)
- Land 790 sq m
- Development potential (B4 zoning, Height level 45m. FSR 2.7:1) STCA
- Prime location, adjoining two major retail centres
- 23 basement car spaces
An outstanding opportunity to own a prime piece of real estate in the epicentre of the Castle Hill CBD and to become a pivotal player amongst the mix of major retail assets and future developments - DON'T MISS THIS!
Contact lead commercial agent Simon Russo on 0414 678 632 for further details.
DISCLAIMER: All descriptions, sizes pricing and references contained in this advertisement are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves within other formal documentation and where necessary seek advice