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 Expressions of Interest closing Thursday 10th April 2025 at 4pm (AEST). 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