Wingham Plaza sells for $10.8m

Photo courtesy of the Property Observer

Photo courtesy of the Property Observer

Wingham Plaza Shopping Centre has reportedly sold to a Taiwanese investor for $10.8 million.

The Sydney Morning Herald has reported the sale was negotiated by Peter Tyson and Jon Tyson, of Savills Retail Sales.

 Wingham Plaza was bought by an Australian-based Taiwanese investor, continuing Savills’ run of sales to high-net-worth Asian investors over the past 12 months.

The agent said the property attracted a lot of investor interest due to the price point, long lease expiry profile and the fact that Coles made up close to 70 per cent of the centre’s total income

Smartphone
Tablet - Narrow
Tablet - Wide
Desktop