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Cranbourne West Shopping Centre 665 Hall Road
Cranbourne West VIC 3977
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Sold on 2 Jun 2023

Cranbourne West Shopping Centre 665 Hall Road Cranbourne West VIC 3977

  • Shop & Retail
  • 6,051 m²
  • Sold

Woolworths Anchored Shopping Centre with Immediate Development Upside

  • New 10-Year Lease to Woolworths
  • WALE of 8.0 years by Area
  • 100% Leased with Surplus Land

Colliers and Stonebridge are pleased to exclusively present for sale Cranbourne West Shopping Centre & Surplus Land - A 100% leased Woolworths-anchored metropolitan Melbourne neighbourhood shopping centre developed by Fabcot with surplus land ready for immediate development, approximately 50 kilometres south-east of Melbourne CBD.

The 6,051sqm* Neighbourhood Shopping Centre is anchored by a 3,761sqm* full line Woolworths supermarket and BWS, supported by 1 mini major, 11 specialty tenants and a standalone medical precinct, on a 1.98 hectare* landholding, with ample at-grade parking for 295 vehicles (4.9/100 sqm of GLA).

Adjoining Cranbourne West Shopping Centre is 1.12 hectares* of strategically located urban growth zone 1 with commercial 1 zone provision land with prominent frontages to Hall and Evans Roads and exposure to over 17,000 vehicles* passing daily.

Investment Highlights
1. New Fabcot delivered Neighbourhood Centre
2. Anchored by high performing Woolworths on 10-Year Lease
3. Long WALE of 8.0 Years by Area
4. 84% of GLA secured by national & chain retailers
5. MTA growing 38% above metro Melbourne average
6. Includes 1.12 Ha* of surplus development land

*All figures are approximate only

Please contact the exclusive marketing agents for more information.

Colliers

James Wilson | 0402 079 304

Tim McIntosh | 0488 320 063

Mike Crittenden | 0400 544 045

Stonebridge Property Group

Justin Dowers | 0438 098 805

Kevin Tong | 0422 848 818

EXPRESSION OF INTEREST

Closing date and time15/03/2023 14:00
Recipient nameAsk Agent
Delivery addressColliers & Stonebridge
Colliers International Melbourne
Colliers International Melbourne
Level 30/367 Collins St
Melbourne, VIC 3000

Property Highlights

Date Sold2 Jun 2023
Floor AreaAsk Agent
Land Area6,051 m²
Parking295 x Onsite parkings
Property ID2018351100
Category
Last updated  7 Jun 2023
Map for Cranbourne West Shopping Centre 665 Hall Road Cranbourne West VIC 3977
Colliers International Melbourne
Colliers International Melbourne
Level 30/367 Collins St
Melbourne, VIC 3000

Property Highlights

Date Sold2 Jun 2023
Floor AreaAsk Agent
Land Area6,051 m²
Parking295 x Onsite parkings
Property ID2018351100
Category
Last updated  7 Jun 2023

Co-Agents

James Wilson
James Wilson
Colliers International Melbourne
Call
+61 402 079 304
Tim McIntosh
Tim McIntosh
Colliers International Melbourne
Call
0488 320 063
Justin Dowers
Justin Dowers
Stonebridge Property Group VIC
Call
+61 438 098 805
Kevin Tong
Kevin Tong
Stonebridge Property Group VIC
Call
+61 422 848 818

More about Cranbourne West Shopping Centre 665 Hall Road Cranbourne West VIC 3977

Cranbourne West Shopping Centre 665 Hall Road Cranbourne West VIC 3977 is categorized as Shop & Retail Property. It has a land area of 6,051 m². There are 295 x onsite parkings.The listing ID for this property is 2018351100.

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