Stonebridge Property Group’s Philip Gartland, Carl Molony, and Alex James-Elliott have been exclusively appointed to market for sale three stratum lots within the Erina Heights Shopping Village complex, a convenience retail destination in a prime Central Coast location. The asset is being offered for sale individually or in-one-line via an Expressions of Interest campaign closing on Thursday, 10 April 2025.

Erina Heights Shopping Village is strategically positioned along The Entrance Road, a major west-east arterial linking Gosford to Erina and Wamberal. The site boasts a commanding 149 metre road frontage adjacent to 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. Additionally, the property also benefits from 85 car spaces on community title. 

The opportunity presents a secure income stream with growth as Ritchie's IGA contributes 62% of the gross rental income, all leases feature fixed annual rental increases or CPI-based reviews and an attractive WALE of 5.6 years by income. Additionally, the low headline rents present an opportunity for future rental growth for astute purchasers.

Philip Gartland commented, “Erina Heights Shopping Village is in a highly sought after area centrally located between the affluent local catchments of Erina, Terrigal and Wamberal, with high major retail tenant demand. The limited site availability in the locality and challenging topography create significant barriers to entry, reducing future competition.”

Alex James-Elliott added, “The acquisition of the three stratum lots provides an incoming purchaser with the majority of unit entitlements. The combined stratum lots represent 77% of the available strata unit entitlements, potentially providing a controlling stake in the strata plan.”

Erina Heights Shopping Village is in an affluent and high spend catchment, where per capita retail spending exceeds the Greater Sydney average by 18%1. 

The sale is expected to draw interest from a range of investors seeking a convenience retail investment opportunity with growth in a strategic and high profile location on the Central Coast.

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Australian Convenience Retail Portfolio for sale by Stonebridge and JLL | Commo.

Dominant Regional NSW Woolworths Supermarket for sale by Stonebridge Property Group | Commo.