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  • Sold
High Growth 100% Leased Large Format Retail Centre - #1
High Growth 100% Leased Large Format Retail Centre - #2
High Growth 100% Leased Large Format Retail Centre - #3
High Growth 100% Leased Large Format Retail Centre - #4
High Growth 100% Leased Large Format Retail Centre - #5
High Growth 100% Leased Large Format Retail Centre - #6
High Growth 100% Leased Large Format Retail Centre - #7

A brand-new Large Format Retail Centre strategically located within Melbourne’s rapidly expanding eastern growth corridor.

Colliers and Stonebridge are pleased to exclusively present for sale Chirnside Lifestyle Centre, a brand-new Large Format Retail Centre strategically located within Melbourne’s rapidly expanding eastern growth corridor.

Prominently located on the busy major arterial Maroondah Highway with 38,000* cars passing daily, the centre presents an ultra-defensive high growth large format retail centre 32km from the Melbourne CBD.

Investment Highlights:
-100% leased
-86%* weighting to national chain tenants including Harris Scarfe, Baby Bunting, Fantastic Furniture and Chemist Warehouse
-7.7 year* WALE (by income)
-Highly attractive net lease structures with fixed annual growth
-Occupying a significant 3.5ha* Commercial 1 Zone site providing future development upside
-Completion December 2022 providing significant depreciation benefit potentials
-286* on-grade car spaces (2.58*/100sqm)
-Prominent location on Maroondah Highway with 38,000* cars passing daily
-Fully leased net income of $2.65 million*

*Approximately

Please contact our exclusive marketing agents for more information.

Tim McIntosh
+61 488 320 063

Mike Crittenden
+61 400 544 045

James Wilson
+61 402 079 304
  • 02/12/2022
  • Contact our experts for details on this transaction