Retail Valuation in Rockdale

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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)