Thriving Melbourne Neighbourhood Shopping Complex - For Sale
SOLD
Heidelberg VIC 3084
Retail
FOR SALE
11772m2
- Building Name Centro Warringal
Centro Warringal, 56 Burgundy Street, Heidelberg, Victoria
- Successful retail shopping complex, comprising Coles & ALDI supermarkets, Dimmeys discount variety store, together with 33 specialty tenancies, seven kiosks, one pad site & an office tenancy, providing a GLA of 11,772sqm (approx.).
- Dominant food, service & discount variety convenience offer within catchment, underpinned by a strong performing double supermarket offer
- Long term anchor tenant income security & tenure, via 15 year lease to Coles supermarket (initial expiry 2017) & 10 year lease to ALDI supermarket (initial expiry 2017)
- Obvious opportunities for income enhancement & reversion, via tenancy remix & refurbishment
- Affluent & densely populated metropolitan location, with an MTA of 28,740 persons (approx.), just 15km (approx.) north east of the Melbourne CBD (Source: Pitney Bowes MapInfo)
- Fully leased net income - $2,660,000 p.a. (approx.)
EXPRESSIONS OF INTEREST Closing:
12 Noon (AEDST), Tuesday, 24 February 2009
For further information please contact:
Simon Rooney
National Retail Investments
Ph: 02 9220 8497
Mbl: 0418 284 680
Email: simon.rooney@ap.jll.com
Stephen Bolton
Victorian Retail Investments
Ph: 03 9672 6530
Mbl: 0419 323 997
Email: stephen.bolton@ap.jll.com
- Successful retail shopping complex, comprising Coles & ALDI supermarkets, Dimmeys discount variety store, together with 33 specialty tenancies, seven kiosks, one pad site & an office tenancy, providing a GLA of 11,772sqm (approx.).
- Dominant food, service & discount variety convenience offer within catchment, underpinned by a strong performing double supermarket offer
- Long term anchor tenant income security & tenure, via 15 year lease to Coles supermarket (initial expiry 2017) & 10 year lease to ALDI supermarket (initial expiry 2017)
- Obvious opportunities for income enhancement & reversion, via tenancy remix & refurbishment
- Affluent & densely populated metropolitan location, with an MTA of 28,740 persons (approx.), just 15km (approx.) north east of the Melbourne CBD (Source: Pitney Bowes MapInfo)
- Fully leased net income - $2,660,000 p.a. (approx.)
EXPRESSIONS OF INTEREST Closing:
12 Noon (AEDST), Tuesday, 24 February 2009
For further information please contact:
Simon Rooney
National Retail Investments
Ph: 02 9220 8497
Mbl: 0418 284 680
Email: simon.rooney@ap.jll.com
Stephen Bolton
Victorian Retail Investments
Ph: 03 9672 6530
Mbl: 0419 323 997
Email: stephen.bolton@ap.jll.com