The Lookout Echo Point in Blue Mountains is offered for sale

The Lookout Echo Point, a highly coveted retail and hospitality offering in the world-renowned Blue Mountains, has been listed for sale, presenting an opportunity to acquire a rare piece of Sydney’s leading natural tourist destination.

Situated less than 100 metres from the world-renowned Three Sisters, The Lookout Echo Point benefits from an unparalleled position at the core of the Blue Mountains.

With the Echo Point bus stop conveniently positioned at the front of the centre, The Lookout Echo Point capitalises on the region’s immense popularity which attracts 4.3 million visitors each year and collectively generate over $915 million of tourism expenditure.

JLL’s David Mahood, Sebastian Fahey and Kate MacDonald have been exclusively appointed to sell the freehold interest in The Lookout Echo Point at 33-37 Echo Point Road, Katoomba via an Expressions of Interest campaign.

Anchored by Trippas White Group, an award-winning hospitality group, and supported by popular tourist retailers AU Range and Outback Opals & Gems, The Lookout Echo Point offers a secure income stream with an attractive 4.84year weighted average lease expiry (WALE).

Kate MacDonald, Senior Vice President at JLL’s Hotels & Hospitality Group said: “Trippas White Group brings over 30 years of expertise in the hospitality industry, managing award-winning venues in some of Sydney’s most prestigious locations. The hospitality group manages an extensive portfolio of over 35 restaurants, bars, cafes and event spaces located across 19 venues.”

Katoomba has established itself as a premier tourist destination, attracting visitors with its breathtaking views and proximity to world-heritage listed attractions. With a population of over 78,000 residents, the Blue Mountains boasts a thriving local economy, with a median household income 25.0% higher than the New South Wales inner regional average.

David Mahood, Executive at JLL Retail Investments New South Wales emphasised: “The Lookout Echo Point is situated on an irreplaceable 1,783 sqm landholding high above the Jamison Valley and is located less than 100 metres from the Blue Mountains' most popular scenic lookout for over a century. Combined with the centre’s secure income stream and being the predominant retail and hospitality offering in Echo Point, The Lookout Echo Point creates an investment opportunity that is unlikely to be replicated.”

Echo Point has a rich history, once forming part of an industrial landscape with coal and shale mines. Over the years, the iconic Three Sisters has become a world-renowned destination, leading to the development of bushwalks and stunning pathways. In 1932, Echo Point introduced a platform lookout, growing in popularity with both locals and international visitors. Recent upgrades include an amphitheatre and a raised, night-lit walkway connecting three major lookout points. Over $22 million has been invested in The Lookout since 2003, solidifying its position as the premier tourist attraction in the Blue Mountains.

The Lookout Echo Point is available for sale via an expression of interest sale campaign closing Wednesday, 2^nd October 2024.