Maroondah Village Shopping Centre_Property for Sale
Maroondah Village Shopping Centre_Property for Sale
401-415 Maroondah Highway, Croydon North, VIC, 3136, AU

Maroondah Village Shopping Centre

Asset description

JLL Retail Investments has the exclusive privilege of offering for sale Maroondah Village Shopping Centre. A rare opportunity to acquire a metropolitan Melbourne located Coles anchored shopping centre with 11 shops.

 

Maroondah Village Shopping Centre is positioned on a highly strategic corner landholding and is the primary retail precinct within Croydon North, approximately 30km* east of the Melbourne CBD.

 

Situated on major 7,707sqm* Commercial 1 Zoned (C1Z) site, the centre benefits from triple street frontages and exposure to the homeward-bound side of Maroondah Highway.

The shopping centre is well serviced by approximately 113 at-grade car parking with dual access via either Maroondah Highway or Exter Road providing exceptional convenience for customers. 

 

Key details of the opportunity include:

 

+ Anchored by 3,094sqm Coles Supermarket with an efficient 3% occupancy cost ratio


+ 7,707sqm* Commercial 1 Zoned (C1Z) site benefitting from triple street frontages and exposure to over 48,000* daily passing vehicles


+ 67% of centre underpinned by a NET lease to Coles Group^


+ Low average gross specialty rents of $559/sqm, 49% below Urbis benchmarks ($1,102/sqm)1


+ Croydon North median house price is 20% above the Melbourne average


+ At-grade carparking for 113 vehicles providing superior shopping convenience for customers


+ Strong population growth within the city of Maroondah, forecasted to grow by 17% by 20413

 

*Approx.

^By GLA


 

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

 

Tom Noonan | 0402 319 698

Stuart Taylor | 0428 000 000

MingXuan Li | 0498 688 998

 

中文普通话咨询物业详情,请联系Mingxuan Li李名轩。 手机: 0498 688 998, 电子邮件: Mingxuan.Li@jll.com, 或微信ID: Mingxuanli777

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Attributes

Building area net
33,304 sf
Land area gross
82,957 sf

Media

Investment highlights

Anchored by a 3,094sqm* Coles Supermarket + 11 non-discretionary shops

Expansive 7,707sqm* Commercial 1 Zoned (C1Z) landholding

High Exposure location on the corner of Maroondah Hwy & Exeter (Dorset) Road

Maroondah Village Shopping Centre 4_Property for Sale
Maroondah Village Shopping Centre 4_Property for Sale

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Maroondah Village Shopping Centre (0 Properties)

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Last updated
Sep 26, 2024