Figtree Grove is an established sub-regional shopping centre located on 19 & 23 Princes Highway, Figtree, Wollongong, NSW 2525. The Property sits on a freehold land area of 50,900 sqm (approximately 547,883 sqft), and has a total Gross Lettable Area (“GLA”) of 21,984 sqm (approximately 236,634 sqft) with 940 carpark lots. Anchored by a 24-hour Kmart, Coles and Woolworths supermarkets, 2 mini-majors, with 72 specialty stores, 9 kiosks, 4 ATMs and 2 external tenancies, and 1 padsite, offering a variety of services, F&B dining options and other retailers providing convenience and necessity to residents.
Located approximately 3.7 km south-west of the Wollongong Central Business District and 71 km south west of Sydney CBD, the Property is situated at the north-eastern corner of the Princes Highway and The Avenue – major thoroughfares which carry traffic between the Wollongong Central Business District and the wider Wollongong area. The Property is well-positioned to serve the key growth areas in central Wollongong and the south-western suburbs of Wollongong.
The table below sets out a summary of selected information on Figtree Grove Shopping Centre as at 21 December 2018:
|NLA (sq ft)||236,634|
|Committed occupancy (%)||98.5%|
|Number of tenants||93|