Oatley Village Square sold to a private investor following a hotly contested sale campaign. CBRE James Douglas, Joe Tynan and Michael Hedger negotiated the transaction on behalf of Bayley Property Group.

The sale price reflecting a tight initial yield of 4.81%.

Situated 23km south of the Sydney CBD, within the affluent suburb of Oatley, the centre is anchored by a strong-performing Coles supermarket and Liquorland. It has a gross lettable area of 3,523sqm and features a120-space car park.

“Investors continue to actively pursue quality retail opportunities with a clear focus on defensive, non-discretionary retail assets given the highly resilient nature of these investments,” Mr Douglas said.

“The incoming purchaser was attracted to Oatley Village Square’s metropolitan location and strong underlying investment fundamentals, with the asset being the dominant centre and the only supermarket offering in the well-established and densely populated primary trade area.”

Mr Tynan noted that the Coles lease at the centre extended until 2027, with two further 10-year options – with Coles / Liquorland representing 86% of the gross tenant income and 81% of the gross lettable area.”

“Coles’ performance provides the opportunity for future growth, as do the specialty tenancies, which have strong in-built annual rental reviews,” Mr Tynan said.

Alongside Coles and Liquorland, Oatley Village Square features a strong line up of non-retail uses and services including Murraya Wellness Spa and Spa and Finpos Accountants.

The sale follows that of another Coles anchored Sydney neighbourhood centre, Entrada Shopping Centre, which was also transacted by CBRE’s James Douglas earlier in the year for $41,350,000. 

To request a sales analysis please email either of the selling agents via the below contact details.