Bakewell Shopping Centre

Centre Overview

Bakewell Shopping Centre is a 6,407sqm single-level neighbourhood centre anchored by a full-line Woolworths Supermarket supported by 15 specialty tenants. There is also a Woolworths petrol site adjacent to the centre. The centre was constructed in 2016 and benefits from an on-grade car park allowing parking for 285 cars and a prominent corner location. 

Location details

Located in the high-growth corridor of Palmerston, a satellite city to Darwin, Bakewell is 2kms south of Palmerston City Centre and 25kms south-east of Darwin CBD. Palmerston is easily accessible, situated to the immediate south of the Stuart Highway which is the major traffic route throughout the Northern Territory and the Darwin/Palmerston region. 

Property Summary

Centre Type
Neighbourhood
Centre GLA sqm
6,407
Anchor tenants
Woolworths
No. of specialities
14
Valuation
$51.5m
Cap rate
5.75%
Occupancy rate
94%
WALE (years)
6.7

Location

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