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Tea Tree Plaza, SA – Existing Store

Soul Origin

Investment Level:

POA

Location benefits:

Westfield Tea Tree Plaza is located in Adelaide’s north-eastern suburbs approximately 15 kilometres from the CBD. The centre caters to a trade area population in excess of 414,000 residents. Westfield Tea Tree Plaza is home to some of Australia’s favourite retailers including Myer, Harris Scarfe, Big W, Kmart, Target, Coles, Woolworths and ALDI as well as a range of approximately 250 specialty stores. In 2018, Westfield Tea Tree Plaza opened a new dining and entertainment precinct. The $50 million redevelopment brings a new family friendly offer to the north of Adelaide, with 10 new restaurants and an expanded and upgraded Hoyts cinema complex. Indoor and outdoor entertainment are a key feature of the precinct and the area is brought to life with unique design elements that include light-filled green space, water features and a new outdoor children’s play area. The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $5.4 billion in 2018 while the total retail spend by the Main Trade Area was estimated at $3.2 billion.

Agreement Terms:

4 years and 9 months

Concept:

Kiosk

Ideal for:

Someone who wants to be their own boss and join a refreshing and rapidly expanding franchise network. Soul Origin is perfect for budding “frantrepreneurs”. That is, someone who has an entrepreneurial mindset but prefers the support, branding and systems of an established franchise brand. Bring your business dream to life with the support of industry experts behind you for each step of your business ownership journey!

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About this opportunity

Westfield Tea Tree Plaza is located in Adelaide’s north-eastern suburbs approximately 15 kilometres from the CBD. The centre caters to a trade area population in excess of 414,000 residents. Westfield Tea Tree Plaza is home to some of Australia’s favourite retailers including Myer, Harris Scarfe, Big W, Kmart, Target, Coles, Woolworths and ALDI as well as a range of approximately 250 specialty stores. In 2018, Westfield Tea Tree Plaza opened a new dining and entertainment precinct. The $50 million redevelopment brings a new family friendly offer to the north of Adelaide, with 10 new restaurants and an expanded and upgraded Hoyts cinema complex. Indoor and outdoor entertainment are a key feature of the precinct and the area is brought to life with unique design elements that include light-filled green space, water features and a new outdoor children’s play area. The total retail spend by the Westfield Tea Tree Plaza Total Trade Area was estimated at $5.4 billion in 2018 while the total retail spend by the Main Trade Area was estimated at $3.2 billion.

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