For Sale
Essendon’s Premier Development & Income Producing Opportunity
Coles Essendon - 1144-1154 Mt Alexander Road & 19 Winifred Street, Essendon VIC
Stonebridge Property Group is pleased to present for sale Coles Essendon, a substantial 7,370 sqm* Commercial 1 zoned landholding in the heart of the North Essendon Activity Centre with strong existing income.
The key highlights of the opportunity include:
- One of Essendon’s largest Commercial 1 zoned landholdings, providing unmatched scope for future development (STPA)
- Strong & secure existing income anchored by a freestanding Coles supermarket paying substantial percentage rent
- Unparalleled connectivity with a tram stop 90 m* away plus immediate access to major roads, bus and train services (950 m* to Glenbervie Station)
- Adjoining parklands & benefitting from excellent dining options, schools and airports nearby
- Situated in the heart of the Essendon North Activity Centre as part of Victoria’s Housing Statement
- Affluent demographic with a median house price of $1.76 million^ supporting strong residential and retail demand
- Estimated fully leased net operating income of $724,952* p.a
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
* Approximately
^ REIV December Quarter 2023
