- New Opportunity
- Salon
- From $200,000 (AUD)
Location Details
Established for over 55 years and privately owned, St Ives Shopping Village is proudly a focal point of the local community and the surrounding areas. In the 2021 Mini Guns feature, St Ives Shopping Village was named Number 1 Centre in NSW and Number 2 nationally for MAT, with $222.19 million.*
*Shopping Centre News, 2021
About the Opportunity
Trade Area:
- The main trade area includes approximately 125,000 residents and consists of a well established and loyal customer base
- Primary Trade Area: St Ives, St Ives Chase, North Turramurra and parts of Pymble and Gordon
- Secondary Trade Area: Pymble, West Pymble, Turramurra and Wahroonga
- Tertiary Trade Area: North Wahroonga, South Turramurra, Terrey Hills, Gordon and Killara
Customer Profile
- St Ives Shopping Village is one of the largest supermarket anchored centres in Australia. The Village trades exceptionally well, outperforming industry benchmarks on a sales / sq metre basis by 40–45% for comparable centres
- 87% of the 54,400 residents in the main trade area shop at The Village
- On average, shoppers visit 44 times per year (compared to an average of 28 for sub regional centres)
- Spend / visit $86 (compared to a benchmark $76)
- Annual spend per customer $3,837 (compared to an average of $1,952 for sub regional centres)
- The Village maintains strong market share compared to other bricks and mortar competitors, with average apparel spend $125 (compared to industry benchmark of $95)
Sources: Quantium Data, 2020. GapMaps Advisory Report, February 2021.
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