Bradbury mall collects $18.2m
Bradbury Shopping Village has sold for $18.2 million.
On 1.32 hectares, the outer south west Sydney centre contains 185 car parks.
Foodworks is the anchor.
The 3557 square metre complex at 100 The Parkway also contains 17 specialty stores including a pharmacy and medical centre.
Colliers’ James Wilson, Steam Leung, Alex James-Elliott and James Cowan said Bradbury Village has the potential to earn $1.25m net annual rent in its current guise.
On that basis, the market yield is 6.87pc (story continues below).
The property also has repositioning potential – be it via a refurbishment or changing the tenancy mix.
There is development upside over some of the car parks too.
The vendor paid $15m in late 2015; at the time the land carried a permit for a childcare centre
Bradbury is three kilometres south of Campbelltown.
