A Prime Convenience Centre Anchored by a Local Grocer IGA and Childcare Hits the Market | JLL

Located in New South Wales’s fast growing Central Coast, North Wyong Village provides investors an opportunity to capitalise on strong demand for both retail and childcare investments.   

A unique opportunity to acquire a dual anchored convenience centre has emerged, as North Wyong Village is offered for sale individually or in one line. Located at 34-48 Cutler Drive, North Wyong NSW 2259, the convenience centre is situated on a substantial 5,605 sqm landholding across two separate lots.

JLL’s Sebastian Fahey and David Mahood have been exclusively appointed to manage the sale on behalf of a private syndicate through an Expressions of Interest (EOI) campaign.

North Wyong Village is anchored by a Local Grocer IGA on a 20-year lease and a newly constructed OzEducation Early Learning Centre on a 15-year lease, expiring in 2038. The 100% occupied convenience centre is further supported by six additional specialty shops, providing an attractive weighted average lease expiry (WALE) of 6.38 years and a resilient net income of $739,954 per annum.  

Sebastian Fahey, Senior Executive at JLL Retail Investments – NSW, said, “Demand for convenience centres has surged over the last 12 months, with more than $100 million having transacted in NSW as investors prioritise fixed-income assets offering rental growth. With all leases secured by 3.0% annual rental increases, North Wyong Village is perfectly positioned to capitalise on this investor demand.”

The prime convenience centre benefits from its strategic positioning opposite the Wyong Public School and in North Wyong, a growing residential and commercial hub on the Central Coast. The region’s population of over 350,000 is set to grow significantly, with projections of 29% growth by 2041, supported by over $2.5 billion in government investments creating 72,000 new jobs and securing the Central Coast as the third largest regional economy in NSW with a GRP of $19.79 billion. 

David Mahood, Senior Executive at JLL Retail Investments – NSW, said, “The 5,605 sqm landholding provides investors exceptional flexibility as the newly built OzEducation Early Learning Centre is situated on its own allotment providing a prospective purchaser with future liquidity optionality.”

“The asset’s dual-anchor configuration, featuring both a supermarket and childcare centre, ensures convenience for the local community and drives consistent foot traffic to the six specialty tenancies,” Mr. Mahood added.

North Wyong Village is available for sale individually or in one line via an Expressions of Interest campaign closing Thursday, 26 June 2025, at 3:00pm (AEST).