Retail Valuation in Rockdale

This document provides a detailed analysis of the retail types in Rockdale, including strip retail, bulky goods, and major shopping centre. It discusses the properties, their features, zoning, and other important details. The document also includes photos of the described establishments.

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RETAIL VALUATION
ROCKDALE suburb area in Sydney, New South Wales has emerged as a fine mix of
residential, Commercial, Industrial and Bulk Storage buildings. Below are discussed 3 Retail
Types (strip retail, bulky goods, major shopping centre) established in the area, providing
important details about them, which can give the reader a fair understanding of the market
and location of the establishments, assert Emerald Gems (ed), (2015). Include in the
Appendix are photos of the described establishments.
01. RETAIL
(A) Basis & Purposes
The retail segment in this area is thriving in business and serves the nearby residential
sectors, as per Marsden, (2011). These 2 shops can be sold jointly or separately as each shop
has an open-plan layout and full glass front.
(B) Introduction of Area (Rockdale)
These two shops are for lease and are located on the busy Princes Highway. The Shopping
Centre is just 240m from the Rockdale train station and only 300m from Rockdale Plaza.
(C) Property / Locality
Key features of the two shops are –
 Internal area of shop 1 is 253sqm
 Internal area of shop 2 is 272sqm
 There are two (2) designated car spaces for each shop.
 Apart from the dedicated car parking, ample car space is available for retail visitors.
 There are common toilets for visitors and include facility for disabled persons.
 Shops have high ceilings.
 There is a rear access for loading and parking.
 Shop 1&2/564 Princes Highway, Rockdale NSW 2216 are most suitable for many types
of retail businesses.
 No sale records of the property are available, asserts Marsden, (2011).
(D) Zoning
The area is zoned as B4 Mixed Use.
02. BULK
(A) Basis & Purposes
Just outside the commercial business centre of Rockdale, this large lot of independent area is
most suitable for warehousing purposes, as per Marshall, Williams & Morgan (ed), (2015).
(B) Introduction of Area (Rockdale)

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The existing building is structured as a whole building type and is being currently used for
Industrial / Warehousing purposes and is fully tenanted.
(C) Property / Locality
Property No. 395 West Botany Street, Rockdale NSW 2216 has a Floor Area of 3,816 m² and
it has Total Land Area of 7,206 m². Ample open parking space of accommodating 123 cars is
available. No sale records of the property are available, says Marsden, (2011).
(D) Zoning
The area is zoned as B4 Mixed Use.
03. Major Shopping Centre
(A) Basis & Purposes
This property, situated at 499 Princess Highway, Rockdale NSW 2216 comprises of offices
and retail outlets, as per Emerald Gems (ed), (2015).
(B) Introduction of Area (Rockdale)
Going around the streets around 499 Princess Highway, one can feel the ambience of this
area. Some handy statistics of this area suggest that this large shopping complex has totally
matched the suburban community’s taste and style. The surrounding area is full of younger
population and the most popular job around this area is in accommodation and food service
sector. More investors are getting interested in this shopping complex because of the growing
number of renters in the area, assert Marshall, Williams & Morgan (ed), (2015).
(C) Property / Locality
 This shopping complex offers a combined Floor area of 6,414m2.
 The complex was sold for $142,000,000 on 1 Apr 2019.
 Presently, the complex is owned by The Trust Company (Australia) Limited.
 The complex is built on Lot Plan: 507/DP875758 ROCKDALE NSW.
(D) Zoning
The area is zoned as B4 Mixed Use.
REFERENCE LIST
Emerald Gems (ed). 2015, Built Environment and Property Management: A Focus on
Australia. Emerald Group Publishing Limited, Bingley.
Marsden, S. 2011, Business, Charity and Sentiment: The South Australian Housing Trust.
Wakefield Press, Kent Town, SA.
Marshall, A., Williams, N. and Morgan, J. (ed). 2015, Land of Sweeping Plains: Managing
and Restoring the Native Grasslands of South-eastern Australia. Csiro Publishing, Clayton
South, VIC.

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APPENDIX
Figure – 01: Shop No. 1 & 2 at 564 Princess Highway, Rockdale NSW 2216.
Figure – 02: Warehouse at 395 West Botany Street, Rockdale NSW 2216.
Figure – 03: Shopping Complex at 499 Princess Highway, Rockdale NSW 2216.