12 Bay Village Road, Bateau Bay
Bateau Bay Square is a sub-regional shopping centre located on the Central Coast of New South Wales, approximately 100km north of the Sydney CBD and 70km south of the Newcastle CBD.
The centre was significantly expanded and refurbished in 2006, and was purchased by Charter Hall in August 2012.
Locatedon a 9.89-hectare site, the centre offers a choice of three supermarkets – Woolworths, Coles and Aldi – plus Kmart and Best & Less stores. There are also more than 80 specialty retailers and an automotive service pad site.
As at February 2016, Moving Annual Turnover was $ million and Moving Annual Traffic was 4.9 million. The total trade area contains a population of 68,640 people with 41% working in the primary sector. The main trade area population is projected to increase to 57,218 people by 2016, with 27,016 living in the primary sector.
As Bateau Bay’s community square for today, the centre continues to strengthen its position as a competitive sub-regional shopping centre that provides convenient retail and utility services for both the local community and the sizeable tourist market.
|Year built||Built 1984, last refurbishment 2006|
|Ownership||47% - Charter Hall Retail REIT|
|Total GLA (sqm)||29,217|
|Number of tenants||93|
|Major tenants||Woolworths, Coles, Aldi, Kmart|
|47%||Charter Hall Retail REIT|
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Charter Hall and Institutional partner acquire $164m Bay Village Shopping Centre
Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced that a Charter Hall managed wholesale entity has entered into an unconditional contract to acquire Bay Village Shopping Centre in New South Wales for $164 million, reflecting an 8% capitalisation rate.