• For Sale
  • Retail
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA
INCOME + POSITION + POTENTIAL = GOLDEN PLAZA

For Sale

Colliers International and Aston Commercial are pleased to offer The Golden Plaza - a landmark investment and development opportunity situated in the tightly held and highly sought Springvale Activity Precinct.

The Golden Plaza is a bustling shopping centre which benefits from significant income. A multitude of value-add opportunities are possible including refurbishment to improve the underutilised building, rental reversion or large-scale mixed-use development (STCA).

This is an outstanding and rare proposition to add value or develop an already super-prime and iconic freehold building in one of Melbourne’s most active suburban markets.

Key investment highlights are as follows:

•Freestanding two level building of 1,865.8m²* including 14 ground floor retail shops leased to a quality mix of tenants along with a first-floor restaurant and car parking for some 86 cars*
•A rare and outstanding planning permit for a high-density mixed-use development consisting of 9,813m²* of NSA over 10 levels.
•Currently 95%* leased with demolition/re-development clauses allowing any incoming purchaser access in the short-term
•Strategic 2,968m²* land holding with substantial corner frontage 110m* frontage to Balmoral Avenue and St John’s Avenue
•Fully leased estimate income of $621,745* per annum with major scope to improve through extension or refurbishment from current average rents of $398/m². Rent growth potential.
•All of this within a 7 day a week, day and night trading activity precinct, that is heavily driven by tourism together with an affluent surrounding population
•Commercial 1 zoned land ensures endless long-term development opportunities (STCA)

Colliers International and Aston Commercial strongly recommends this opportunity for your serious consideration.

Colliers International
Ted Dwyer - 0411 312 165
David Sia 谢忠佑 - 0430 111 223
Joe Kairouz 0421 430 638

Aston Commercial
Jeremy Gruzewski - 0422 211 021
Fred Nucara - 0418 567 560

*approx

Property Details