A key home retail shopping centre on Sydney’s North Shore, that houses both a JB Hi Fi and The Good Guys store has been put up for sale.

Servicing key suburbs such as Mosman, Neutral Bay, Crow’s Nest, Cremorne, Northbridge and Willoughby the HomeHQ Centre at Artarmon has been put on the market by Growthpoint Properties Australia and US giant BlackRock the projected price is around $200m.

The centre that has been up for sale before recently underwent a revamp and is the only dedicated large format centre in the area servicing some of Australia’s wealthiest suburbs.

According to the Australian the complex last traded in 2018 when BlackRock backed a $140m play by Fortius Funds Management for the centre.

Blackstone has nearly doubled its money on its investment in after just four years of ownership.

JLL’s Nick Willis claims that the “HomeHQ Artarmon is a cornerstone of Sydney’s retail landscape, uniquely positioned to capitalise on an undersupplied LFR market and an affluent catchment,” Mr Willis said.

He cited the centre’s proximity to Sydney CBD, combined with its proven retailer evolution achieving rental growth of 4.5 per cent annually since 2018.

HomeHQ Artarmon is one of only three such centres in inner Sydney, alongside Moore Park Supa Centa and Alexandria Homemaker Centre.