NEWS

Final tenancy at new Woolworths Lara neighbourhood shopping centre

Sought after retail space at the new Woolworths Lara development have been all but completely snapped up ahead of the project’s scheduled opening last month.

Colliers International’s Bernie Canning and Mike Crittenden have negotiated several new leases at the 4,660sqm project at 48-50 The CentreWay, with just one tenancy remaining available.

The brand new neighbourhood shopping centre at Lara, located 20km north of the Geelong CBD and just 45 minutes from the Melbourne CBD by car, will be anchored by a 4,400sqm Woolworths store and a 200sqm BWS outlet.

The final retail space available is 74sqm and is complemented by neighbouring new tenants including Tex/Mex cuisine, full line café, Bakers Delight and hair and beauty.

Mr Canning said the development would service a growing population in Lara and the surrounding area.

“Current trade area population is estimated at around 16,500 people and is likely to grow at an average rate of 2.1% per annum to reach around 21,500 people at 2026,” he said. “Woolworths Lara will be a welcome addition to the growing local community."

The new Woolworths Lara neighbourhood shopping centre opened June 15, 2016.

Expertly designed with orientation to the Centreway and boasting a state of the art all weather dining zone, Woolworths Lara will offer an exciting gateway to the broader retail offers at Lara.

This 74sqm opportunity is the last shop for lease with services available for tenant connection.

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