Retail

Summerhill Shopping Centre, VIC

850 Plenty Road, Reservoir, VIC, 3073, AU

Summerhill Shopping Centre, VIC_Property for Sale

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Summerhill Shopping Centre, VIC 2_Property for Sale

Asset description

Double supermarket anchored Shopping Centre underpinned by a 4.2 hectare metropolitan Melbourne landholding

  • Anchored by Coles, Kmart, and Aldi
  • Located 12km* north of the Melbourne CBD
  • 42,450 sqm* Commercial 1 zoned site

JLL, in conjunction with Stonebridge Property Group, is pleased to present for sale Summerhill Shopping Centre, a double supermarket anchored shopping centre underpinned by a 4.2-hectare metropolitan Melbourne landholding.  

Attributes

Building area gross
168,617 sf
Occupancy
99.00%
Year built
2015
Land area Gross
10.49 acres (456,927 sf)

Investment highlights

The key highlights of the opportunity include:


  • Anchored by Coles, Kmart, and Aldi, and supported by 26 shops, 3 kiosks and 3 pad sites over 16,551 sqm* GLAR.
  • Located 12 km* north of the Melbourne CBD and 1.6km* from La Trobe University in an employment and innovation priority area.
  • Positioned on an expansive 42,450 sqm* Commercial 1 zoned site with a 249 metre* arterial road frontage.
  • Large and growing Main Trade Area of 107,440 people, including residents, workers, and students^.
  • Long WALE of 7.2 years (by area), underpinned by leases to Coles (2035) and Kmart (2030) with rare 10-year options.
  • Strong land underpin, previously approved for a mixed-use development including 319 units.
  • Fully leased net operating income of $5.05m p.a.* with excellent growth prospects.

* Approximately  

^ Location IQ



Summerhill Shopping Centre is for sale by Expressions of Interest closing on Wednesday, 17th August 2022 at 4:00 pm AEST.


For further information please contact the selling agents.

Summerhill Shopping Centre, VIC 4_Property for Sale
Summerhill Shopping Centre, VIC 4_Property for Sale

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Last updated
Nov 30, 2022