Exceptional new multi level neighbourhood shopping centre.
Global Real Estate: Melbourne, VIC, Australia
A$ 52,250,000 Exceptional new multi level neighbourhood shopping centre. Featuring a Coles supermarket, a JB Hi-Fi & a Genesis Fitness Club together with 29 well mixed specialty shops, providing a total GLA of 9,240sqm (approx.) with dedicated on-site parking for 350 vehicles (approx.)
Landmark site strategically located within the heart of cosmopolitan area.
Securely leased with long lease covenants to specialty & major tenants, including Coles supermarket & JB Hi-Fi being secured until 2023 & Genesis Fitness Club until 2018 (with additional option terms)
Densely populated MTA of 133,710 persons (approx.), underpinned by a high spending power demographic, with per capita & household income levels being 48% (approx.) & 46% (approx.) above the Melbourne metropolitan averages respectively (Source: Pitney Bowes Business Insight)
Secure income stream via a high occupancy rate of 98% (approx) & a strong representation of major, national & chain tenants, which combined comprise 82% (approx.) of GLA & 70% (approx.) of the total gross rental income
The fully leased net income is $4,280,000 p.a. (approx.)
