Lidcombe. On the market

A property in the Lidcombe Power Centre with a 208-metre frontage to Parramatta Road and opposite a Costco outlet, is on the market. The existing property comprises a two-level homemaker centre. A development consent allows for conversion into a major shopping centre of 33,119 square metres, with parking for 980 vehicles. The estimated fully leased net income on completion of the redevelopment: $9.5 million.