Watagan Central, anchored by Johnson Property Group in North Cooranbong, is set to be a key retail and commercial hub within Lake Macquarie's South West Growth Area. This 2.2-hectare site, designed for a vibrant mix of retail, commercial, and leisure activities, is strategically positioned for businesses aiming to capture a growing community. With a full-line supermarket confirmed, the centre is at the heart of the region's urban development and commercial expansion.
The area attracts a diverse mix, with a notable portion of the population holding tertiary qualifications, indicative of higher disposable incomes. Analysis supports a diverse tenant mix, including a full-line supermarket, mini-major tenants like a pharmacy, up to 23 specialty retailers, and non-retail amenities (pilates). The inclusion of Woolworths as a confirmed anchor tenant not only secures a cornerstone of daily foot traffic but also signals a strong market confidence in Watagan Park Town Centre.
The main trade area's population is projected to rise from 9,410 in 2022 to 17,510 by 2036. With the primary sector seeing a 4.7% annual growth.
This growth is supported by a diverse socioeconomic profile, indicating a mix of young families and retirees, both groups underserved in terms of high-quality retail options.*
Watagan Park currently has over 1,000 families living in the estate and will have 2,000 more families to come and purchase in the estate over the next 7 - 8 years.
The town centre serves a local resident population as well as tourists. The primary sector population is around 9,000 persons, with 10,500 persons across the main trade area.
Total retail expenditure within the main trade area is estimated at $151.8 million, projected to increase to $393.0 million by 2036.
The confirmation of Woolworths further enhances the centre's competitive edge, making it an even more appealing location for businesses targeting the area's growing population and increasing spending capacity.*
Offering 7,778 sqm of retail gross lettable area, the Town Centre is designed to accommodate a wide array of retail businesses including Woolworths and 23 speciality retailers.
Within the Town Centre we dedicated a 147sqm to the town square that epitomises modern retail space, promising businesses high visibility and foot traffic.
360 spaces dedicated to retail ensure convenience for customers, enhancing their shopping experience. Of these 136 are shaded, providing comfort even on sunny days.
Less than 100m from a 1.3 ha neighbourhood park and local educational institutions, the town centre is poised to become a vibrant hub of activity.
We envision a place where families can grow, businesses can thrive and friendships can flourish.
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Position your business at Watagan Park Town Centre, surrounded by 1000 high-quality apartments within walking distance.
This proximity to upscale residential living not only guarantees a steady flow of customers but also establishes the town centre as a vital part of the community’s daily life. It’s an opportunity to tap into a captive audience seeking convenience and quality, enhancing the appeal of your business in a thriving neighbourhood.
Adding to Watagan Park Town Centre's appeal is its synergy with significant nearby developments.
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Position your business at the heart of Watagan Park Town Centre, adjacent to the Trinity Point redevelopment. This $588 million project will introduce luxury and wellness to Lake Macquarie, featuring a luxury hotel, exclusive dining, wellness facilities, and eco-friendly apartments. Emphasising sustainability and community, it's set to enhance the region's vibrancy, making it an ideal location for forward-thinking businesses.
Engage with a growing market in a region set for significant economic and residential expansion
Align your brand with a lifestyle-centric development, appealing to consumers’ desire for quality, convenience, and experience.
Leverage the synergies from nearby developments like Cedar Mill and 8 at Trinity Point, enhancing the area's attractiveness as a lifestyle and shopping destination.
Watagan Park Town Centre offers a rare opportunity to establish or expand your retail presence within a rapidly developing community backed by solid market analysis and aligned with significant regional investments.
We invite you to be part of this exciting journey and leverage the untapped market potential at Watagan Park.
Contact Braden or Patrick to discuss how we can collaborate towards a prosperous future.
