Clyde North Convenience & Showroom Centre

An exceptional opportunity to acquire a brand-new large format retail centre plus separate convenience centre within the MAB Element Park Estate. It offers a total gross lettable area (GLA) of 4,213 square metres and is anchored by some of Australia’s leading national large-format retailers including Total Tools and National Tiles, and EG Ampol and Red Rooster.

Convenience Centre

+ New 12-year lease to EG Ampol & Red Rooster

+ Fixed 2.5% annual rental increases

+ Net Lease structure with tenant responsible for all usual outgoings (excluding land tax)

+ Exceptional exposure to Berwick-Cranbourne Road and the Thompsons Road intersection which is exposed to 44,000 cars daily.

+ Estimated Fully Leased Net Income - $414,224 p.a. + GST

Showroom Centre

+ Exceptional tenancy mix entirely underpinned by leading national LFR retailers

+ Guaranteed income growth with all tenants on either 3.0% or greater annual rental increases

+ Net Lease structures with all outgoings being recovered except for land tax

+ Unrivalled income security with a highly attractive 10-year WALE (by area)

+ Convenient at-grade parking for 92 vehicles

+ Estimated Fully Leased Net Income - $872,485 p.a. + GST

For Sale individually or ‘in-one-line’ by Expressions of Interest closing Thursday 11th September at 3pm (AEST).

For further information, please contact the exclusive selling agents:

Stuart Taylor | 0428 000 000

Tom Noonan | 0402 319 698

MingXuan Li 李名轩 | 0498 688 998

Dominic McGrath | 0416 440 525