An incredibly rare opportunity to purchase a 100 per cent fully leased trophy Neighbourhood Centre in Sydney’s affluent north shore has come to market. 

Extensively refurbished in 2022, the Centre offers a contemporary convenient retail experience with significant depreciation benefits. Spanning a 2,935sqm site, Lane Cove Central is anchored by a 2,045sqm Harris Farm Markets and complemented by five essential service specialty tenants including The Yard Gym, Chambers Cellars and Gio Pizza, and serviced by 103 car spaces.

The Colliers team of James Wilson and Joseph Lin have the exclusive listing, which is the first freehold Sydney Neighbourhood Shopping Centre to be publicly marketed in 2025. 

“The recently completed Lane Cove Central occupies a prominent position in Lane Cove’s prime retail precinct, only 11km from Sydney CBD in Sydney’s Affluent North Shore. The centre’s security is underpinned by a 5.85 year WALE whilst being anchored by a high-profile Harris Farm Markets, in addition investors are afforded exceptional depreciation benefits,” Mr Wilson said.

“Lane Cove Central is the first freehold Sydney metropolitan Neighbourhood Shopping Centre to be publicly marketed in 2025, and it is the first time the centre has been publicly marketed for sale since its completion in 2022,” Mr Wilson said. 

“With a 100 per cent income profile subject to annual rental reviews, we expect the centre to be highly contested, predominantly from domestic and South East Asian investors. The site also allows flexibility for long term mixed use development, providing an incredible amount of options for the incoming purchaser,” Mr Lin added. 

The Lane Cove population is forecast to reach 52,300 residents by 2036, representing a strong growth rate of 41 per cent. This makes it the second-fastest growing area within the Northern Sydney District during this period.

Lane Cove benefits from a strong local demographic, with a young, highly educated and affluent population with a median personal weekly income 75% above the NSW average. This higher disposable income supports a strong demand for premium retail experiences. 

As of 2024, Harris Farm Markets has 26 stores across Sydney, NSW and QLD employing over 3,000 employees with a common purpose to reconnect Aussies with the joy of food. Harris Farm has announced further plans to continue to expand with new stores planned in Dural, Marrickville, Cronulla and Surry Hills.

This rare opportunity to acquire a freehold Sydney metropolitan Neighbourhood Shopping Centre is being exclusively marketed via an Expressions of Interest campaign, closing on Tuesday, 8th April 2025.

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