Hilton Plaza Presents Prime Retail Investment in Adelaide
22 June 2016
A rare opportunity is now available to acquire a high-profile neighbourhood shopping centre, anchored by a strongly trading Woolworths Supermarket, in a prime inner metropolitan Adelaide location.
The Hilton Plaza shopping centre is prominently located at 160 Sir Donald Bradman Drive at Hilton, only three kilometres from the Adelaide CBD and two kilometres east of the Adelaide Airport.
It features a well-established and successful Woolworths Supermarket supported by a strong tenancy mix of non-discretionary based specialty retailers. This includes 13 specialty stores, one office, three ATMs and two telecommunications licenses.
The fully-leased, single-level centre features a total net lettable area of 4,452sq m and is set on a 9,180sq m corner site with multiple access points and convenient at grade and basement car parking for 225 vehicles.
Savills has been appointed to exclusively market the Hilton Plaza shopping centre for sale via an Expressions of Interest campaign closing on Thursday 21 July 2016.
The centre is being jointly marketed by Rino Carpinelli and Peter Isaksson of Savills Adelaide, Steven Lerche of Savills Sydney and Tom Forrest of Savills Melbourne.
Mr Isaksson said Hilton Plaza presents a blue-chip retail investment opportunity given its prominent positioning in a prime location and strong convenience-based tenancy profile.
“High quality and well located retail investments such as this are very tightly held in Adelaide and rarely offered to the market. Neighbourhood shopping centres in particular are highly sought after by investors and, as such, we expect a high level of investor interest in this offering,” he said.
“Hilton Plaza is underpinned by the security of a solid performing Woolworths Supermarket in an established and growing trade area. It benefits from its high-profile corner location on Sir Donald Bradman Drive, the main arterial road connecting the Adelaide Airport to the Adelaide CBD.
“Hilton Plaza is the key focal point for retail and commercial uses extending along Sir Donald Bradman Drive and is well serviced by public transport. The surrounding area has also benefitted from strong population growth in recent years on the back of medium, high density and infill development.
“This is an enviable combination for investors seeking to capitalise on this rare, high-exposure neighbourhood shopping centre offering in a prime Adelaide location.”
