180 Gaffney Street Coburg North VIC 3058

Savills is delighted to offer for sale by Expressions of Interest Coburg North Village.

This brand new shopping centre represents a unique and compelling retail investment anchored by a market leading Coles supermarket within an established inner metropolitan location.

Key attributes of this outstanding shopping centre are:

- Prime inner metropolitan location - 9km* from Melbourne's CBD

- Latest 'market style' Coles supermarket (4,175sq m* incl. Liquorland)

- 15 yr lease to Coles & Liquorland with 5 x 10 yr options - 61%of gross income

- Fully leased & supported by 15 specialties with favourable fixed annual reviews and future market upside

- Total GLA of 6,283sq m*

- Convenient on-grade parking for 303 vehicles*

- Outstanding high profile 18,560sq m* corner site

- Servicing a catchment of 46,100 residents* generating $597 million* of retail expenditure - forecast to grow by 4.1%* pa over next 10 yrs (Source: MacroPlan Dimasi)

- The only supermarket over 2,000sq m in the main trade area (Source: MacroPlan Dimasi)

- Net income $1,877,411 pa*

(*) Approximate

Exclusive Selling Agents:

Pat De Maria 0421 569 984
Tom Forrest 0439 312 442
Steven Lerche 0414 467 216