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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Building Area
Land Area ()

Property Description

JLL is pleased to offer for sale Woolworths Bulli – a high performing neighbourhood centre with exceptional underlying fundamentals.


Located 12km north of Wollongong CBD, the centre provides unparalleled income security in one of NSW’s tightest geographical catchments. 

Investment Highlights

  • Brand-new 10 year lease to Woolworths (expiring 2031 with options)
  • The last full-line supermarket before metropolitan Sydney, some 30km north
  • Highly convenient and accessible site, fronting the Princes Highway & located 200 metres from Bulli Station
  • Four (4) defensive non-discretionary retail tenants (Woolworths anchors 92% of the Centre’s lettable area)
  • Affluent catchment with household incomes 28% above Non-metro NSW (source: ABS), and house price growth of 94% since Dec-14 (source: realestate.com.au)
  • Attractive “B2 – Local Centre” zoning and 1.5:1 FSR providing flexible future mixed-use development upside
  • Fully leased net income $1.45* million p.a.
Last Updated Date: 26 May 2021
Sam Hatcher
Sam Hatcher
Joint Head of Retail Investments - Australia
Nick Willis
Senior Director, Capital Markets Transactions

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Last Updated Date: 26 May 2021

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