Big W Mudgee offered to market by Colliers

Big W Mudgee, a Discount Department Store (DDS) anchored by Woolworths Group, is being offered to market exclusively by Colliers with a 10-year lease extension.

Situated at 72-78 Market Street, the property sits on a prime corner site in Mudgee’s CBD and was developed by Fabcot, Woolworths Group’s property development arm.

The centre benefits from tenancy by Big W and BWS, which together occupy 97 per cent of the Gross Lettable Area (GLA), resulting in a stable income stream with low management demands.

The Central-West Orana Renewable Energy Zone, Australia’s first fully approved REZ, is driving Mudgee’s structural development and is expected to bring in more than $10 billion in private investment and over 7,000 new jobs by 2030.

“This is a rare regional retail opportunity anchored by Woolworths Group with a newly extended Big W lease and immediate value‑add from active capital works,” said James Wilson, Head of Retail Middle Markets, Australia.

“Big W holds an all of land lease, excluding the specialties, delivering management efficiencies, supported by a dominant market position and exposure to one of Australia’s fastest-growing regional economies.”

Big W Mudgee is the CBD’s largest freestanding retail site, with 5,218 square metres of GLA, three street frontages, and over 300 nearby council and street parking spaces.

As outlined in Colliers’ Q3 snapshot, retail has emerged as a high-performing asset class in 2025, underpinned by strong household spending, limited supply of retail space, and population growth.

Year-to-date transaction volumes and average sale prices have exceeded those of previous periods, and this trend is expected to continue.

“Big W Mudgee is the only DDS in the catchment, with the nearest competitor located over 120km away. This exclusivity underpins the store’s strong trading performance and low occupancy cost of under 5 per cent,” said Ben Wilkinson, Manager of Retail Middle Markets, NSW.

“The ongoing transformation of the Central-West Orana Renewable Energy Zone is driving population growth and fuelling retail demand across the region, further enhancing the asset’s long-term growth outlook.”