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Property Type

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Status

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Private Property
Trust No. 9

Broken Hill Village, Corner South Road &
Gossan Street, Broken Hill, NSW

Leased To

Trust

Private Property Trust No. 9

Purchase Date

22 February 2016

Price

$28,750,000

Property Profile

Developed by Coles, Broken Hill Village opened in April 2014. The centre comprises a single level, sub-regional shopping centre anchored by a full line Coles supermarket, Liquorland, Target discount department store and ‘Cheap as Chips’, 12 specialty shops and 1 ATM.

The car park provides for 512 vehicles with shade sails to the main parking area between the centre and Gossan Street. The site is easily accessible for customers and staff via Silver City Highway (South Road), Gossan Street and Blende Street. Gossan Street is 1.5km west of the main commercial street of Broken Hill. The shopping centre’s large internally illuminated signs situated high on the shopping centre fascia are highly visible to traffic and visitors and tourists from either direction.

The total trade area population for the Broken Hill region is estimated at 21,460 in 2015. The retail spending capacity of the trade area population is expected to increase from $284 million in 2015 to $390 million in 2026. Broken Hill enjoys a strong tourism trade both of international and Australian tourists visiting the historic mining town.

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