Erina Heights Shopping Village, 375 The Entrance Road, Erina Heights, NSW 2260

Stonebridge is delighted to exclusively present for sale, Lots 1, 2 and 4 within Erina Heights Shopping Village, a premium convenience retail opportunity in an affluent Central Coast location, adjacent the prestigious Central Coast Grammar School. The offering spans 1,864 sqm* of lettable area and comprises anchor tenant, Ritchie’s IGA, a leading independent supermarket operator backed by ASX-listed Metcash Limited, alongside two high-quality specialty tenants— Chemist Outlet and Pengilley’s Fruit Barn. 

The key investment highlights include:

   -  Convenience retail destination: anchored by Ritchies IGA, backed by ASX-listed Metcash Limited, securing 62%* of gross rent plus Chemist Outlet & Pengilley’s Fruit Barn

   -  Prime arterial road exposure: over 13,680 sqm*^ of strategic land featuring a 149m* frontage to the key thoroughfare, The Entrance Road, plus 1,400 sqm* of undeveloped land at the front of the site (owned by the strata lot)

   -  Secure and growing income stream: all leases feature fixed annual rental increases or CPI-based reviews, low headline rentals with uplift potential and an attractive 5.6-year* WALE by income

   -  Strong trade area fundamentals: centrally located in a highly affluent enclave between Erina, Terrigal and Kincumber, adjoining Central Coast Grammar School, and retail spending 18% above the Greater Sydney average^^

   -  Extremely high barriers to entry due to topography, significantly reducing future competition, and high national retailer demand

   -  Majority unit entitlement: the combined lots represent 77% of the strata unit entitlements, potentially providing a controlling stake in the strata plan

   -  Total estimated net operating income of $741,461 per annum as at 31-Mar-25

Erina Heights Shopping Village is for sale via Private Treaty. To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

* Approximate
^Source: Parent stratum lot
^^Source: Location iQ, average retail spending per capita

Property Code: 1194