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