For Sale
Smithfield Shopping Centre
Kennedy Highway & Captain Cook Highway, Smithfield (Cairns) QLD
Stonebridge Property Group, in conjunction with JLL, is pleased to present for sale Smithfield Shopping Centre, Cairns, QLD.
The dominant sub-regional Centre is anchored by Woolworths, Coles, Kmart, Event Cinemas and Dan Murphy’s with a total lettable area of 34,787 sqm.
Key highlights of this rare opportunity include:
- Expansive land holding – 12.4 ha of land and over 700 metres of highway frontage with 8.5 million passing vehicles per annum
- Dominance – the dominant centre in northern Cairns featuring the only entertainment & dining precinct north of Cairns CBD
- Major tenant security – over $200 million in major & mini-major sales, contributing 76% to total MAT
- Strong leasing activity – 48 specialty tenants (49% of specialty GLA) have been leased or renewed since January 2021
- Sustainable specialty base – 10.98% occupancy costs and average gross rents 12% below Benchmark^
- Flexibility & liquidity – Low site coverage of just 28% with opportunities for expansion
- Exceptional supermarket performance – supermarket sales productivity substantially in excess of benchmarks
Smithfield Shopping Centre is For Sale via Expressions of Interest, closing Thursday 16th March 2023 at 2pm (AEDT).
For further information, please contact the Stonebridge team.
