Stonebridge Property Group is pleased to 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 6,051 sqm* neighbourhood shopping centre is anchored by a 3,761 sqm* 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 include:
- New Fabcot delivered neighbourhood centre
- Anchored by high performing Woolworths on 10-year lease
- Long WALE of 8.0 Years by area
- 84% of GLA secured by national & chain retailers
- MTA growing 38% above metro Melbourne average
- Includes 1.12 Ha* of surplus development land
*All figures are approximate only
Please contact the exclusive marketing agents for more information.
