Stonebridge Property Group is pleased to present for sale Pad Sites 1 and 2, 1-15 Banchory Avenue, Hillside Offered for sale separately or in-one-line.
These two retail pad sites are situated at the highly exposed corner of Melton Highway and Banchory Avenue.
Both allotments are within the soon to be completed Banchory Grove Shopping Centre, anchored by a Woolworths supermarket, the only full-line supermarket in the primary catchment.
- Pad Site 1: 1,299 sqm* land size
- Pad Site 2: 1,213 sqm* land size
The key highlights of the opportunity include:
- 2x retail pad sites within the Woolworths anchored Banchory Grove Shopping Centre, currently under construction, featuring strong sales forecasts
- Highly exposed location with frontage to Melton Highway, boasting over 31,000 vehicles passing daily^
- Development opportunity includes childcare, QSR, swim school, car wash and food/drink premises (STCA)
- Located within the City of Melton, poised for significant population growth, with forecasts of 102.22% increase by 2046^^, further enhanced by the nearby Plumpton PSP and Koroit PSP, underpinning the growth and demand for retail
- Main trade area within a 3 km* radius is 50,600 people* with a total retail spend of $916million^^^, which are strong metrics supporting retail at this location
- Limited competition for retail nearby, being one of the only Commercial 1 Zone landholdings in the vicinity, making this one of the major retail sites servicing the area
- Highly established residential area, home to excellent education institutions including Cana Catholic Primary School (275 m*), Sydenham Hillside Primary School (1.1 km*) and Copperfield College (1.5 km*)
Pad Sites 1 and 2, 1-15 Banchory Avenue, Hillside are offered for sale separately, or in-one-line via Expressions of Interest closing Wednesday 4th December 2024 at 2PM (AEDT). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents:
Julian White
0422 764 137
Lucas Gentile
0418 516 056
Chao Zhang
0411 625 068
* Approximately
^ VicRoads (2024)
^^ forecast.id (2024)
^^^ Location IQ (2024)
Property Code: 1120
