Expert insights NSW mid north coast's Wingham Plaza sold for $10.8 million Investing NSW mid north coast's Wingham Plaza sold for $10.8 million NSW mid north coast's Wingham Plaza sold for $10.8 million

NSW mid north coast's Wingham Plaza sold for $10.8 million

NSW mid north coast's Wingham Plaza sold for $10.8 million
Jonathan ChancellorDecember 7, 2020

Wingham Plaza Shopping Centre, on the NSW mid north coast, near Taree, has been sold for $10.8 million.

Peter Tyson and Jon Tyson of Savills Retail Sales secured the sale to an Australian-based Taiwanese investor.

Coles makes up close to 70 per cent of the centre's total income of the single-level neighbourhood shopping centre.

It included a freestanding Caltex fuel station.

The complex was extensively redeveloped and extended in 2009 occupying a one hectare corner site at 113-123 Isabella Street bordering the main commercial precinct of Wingham.

It has a gross lettable floor area of approximately 4,366 square metre, grade level car parking for 137 vehicles.

The sale of Wingham Plaza is the latest in a number of shopping centre sales transacted by Savills on the NSW mid north coast, including the sale of Manning Mall sub-regional shopping centre in nearby Taree for $32.6 million in 2013.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
Tags:
New South Wales
Retail

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