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Changing the face of Lane Cove retail

Growing interest in the Lane Cove area has been highlighted by the entry of two National retailers to the Lane Cove shopping mix.

Shoe Superstore and Chemist Warehouse have both take up space on Longueville Road, with stores opening this week.

Rhys Donnellan of Clearpoint negotiated both leases.

“Chemist Warehouse with 389sqm at 73 Longueville represents one of the five major retail tenants in Lane Cove, and Shoe Superstore in 221sqm at 118 Longueville is also a significant uptake of space. The commitment to these locations by National retailers is sign of a return to confidence in the retail market as a whole.”

“The recent high density rezoning in the Lane Cove LGA is also likely to influence further investment in Lane Cove by retailers and developers, with a flow on to Lane Cove property values”.

The somewhat controversial rezoning under the NSW Government Metropolitan Strategy allows for an increase of 3,900 new dwellings in the Lane Cove LGA, and 30,000 new dwellings across the Lane Cove, Hunters Hill, Mosman, North Sydney, Ryde and Willoughby Council areas.

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