Harvey Norman Centre Knoxfield

1464 Ferntree Gully Road, Knoxfield, VIC, 3180, AU

Description

JLL Retail Investments in conjunction with Stonebridge Property Group are pleased to present Harvey Norman Centre Knoxfield for sale via Expressions of Interest – a modern 14,747sqm large format retail centre strategically positioned on Ferntree Gully Road, in Melbourne’s coveted eastern suburbs.

Anchored by Harvey Norman (ASX: HVN) on a brand new 10-year lease, the centre is leased to tier-1 national retailers including Total Tools, Revo Fitness, RSEA Safety and a long-standing McDonald's pad site. The asset delivers a fully leased net operating income of $3,021,711 p.a. with an exceptional WALE of 9.3 years by income.

Key Investment highlights:

+ Anchored by Harvey Norman: Secured by one of Australia's most desirable retail covenants, Harvey Norman (ASX: HVN) underpins 51% of gross income on a brand new 10-year lease with annual CPI rental growth.

+ Exceptional Metro Melbourne Landholding: A rare 3.92-hectare Industrial 1 zoned landholding with 191 metres of prime frontage to Ferntree Gully Road, capturing 40,000+ daily passing vehicles in Melbourne's tightly held eastern corridor.

+ Unrivalled Income Security: Leased to tier-1 national tenants including Harvey Norman, Total Tools, Revo Fitness, RSEA Safety and McDonald's, delivering a 9.3-year WALE by income and fully leased net income of $3,021,711 p.a.

+ Strong In-Built Rental Growth: Guaranteed annual income growth across all occupied tenancies, with significant future positive rental reversion potential.

+ Prime Eastern Suburbs Location: Strategically positioned in Knoxfield with over 800,000 people within a 20-minute drive time, servicing affluent suburbs including Glen Waverley ($1.7M median), Wantirna South ($1.3M) and Rowville ($1.2M).

+ Lack of Supply & High Barriers to Entry: Near-zero forecast of new investment-grade LFR supply across metropolitan Melbourne, with replacement cost and industrial land values ($1,000+/sqm) materially above the asset's pricing.

*Approx

For sale by Expressions of Interest closing Thursday 18th June 2026 at 3:00pm (AEST)

To obtain further information or to arrange an inspection, please contact the selling agents:

JLL Agents:

Stuart Taylor | 0428 000 000

Tom Noonan | 0402 319 698

MingXuan Li 李名轩 | 0498 688 998

Stonebridge Agents:

Justin Dowers | 0438 098 805

Kevin Tong | 0422 848 818

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