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2 Osprey Drive
Fraser Rise VIC 3336
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Sold on 23 Feb 2022

2 Osprey Drive Fraser Rise VIC 3336

  • Shop & Retail
  • 1,225 m²
  • Sold

New Fully Leased IGA Shopping Centre Booming Metro Melbourne Growth Suburb

+ Trophy essential service asset with long 7.9 year WALE.
+ 94% of rent underpinned by Daily Needs and essential service tenants.
+ IGA Supermarket + 6 shops with 44 on title car park spaces.
+ Imposing 4,389 sqm island site with combined 268 metre* street frontage.
+ Constructed in 2020 offering substantial depreciation benefits.
+ Surrounded by important social infrastructure, including 7 schools within 3km servicing 7,170 full time students.*
+ Fraser Rise: Located within the City of Melton, Melbourne's Western Growth Corridor, population forecast to grow 253% by 2051.**
+ City of Melton: Population forecast to grow 131% to 448,053 by 2051.**
+ In the City of Melton, the value of building approvals has increased by 130% to $2.26 billion since 2019.***
+ 100% occupancy with a combined income of $361,404 with favourable rent reviews across the centre.

To be sold by Investment Portfolio Auction:
10:30 am (AEST) Wednesday 23 February 2022
River Room, Crown Casino, Melbourne

*GapMaps
**Forecast.id
***Economy.id

*All areas and figuresapproxonly. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

AUCTION

Auction date and time23/02/2022 10:30
Auction locationCrown Casino - River Room - Melbourne

Property Highlights

Date Sold23 Feb 2022
Floor Area1,225 m²
Land Area4,389 m²
ParkingAsk Agent
Property ID2017551296
Category
Last updated  24 Feb 2022
Map for 2 Osprey Drive Fraser Rise VIC 3336

Property Highlights

Date Sold23 Feb 2022
Floor Area1,225 m²
Land Area4,389 m²
ParkingAsk Agent
Property ID2017551296
Category
Last updated  24 Feb 2022

Co-Agents

Rick Jacobson
Rick Jacobson
Burgess Rawson VIC Pty Ltd
Call
0413 830 083
Frank Vinci
Frank Vinci
Vinci Carbone Property
Call
0418375375

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