266 MAROONDAH HIGHWAY Chirnside Park VIC 3116

Shop & Retail
35,000 m²
Sold

High Growth 100% Leased Large Format Retail Centre

Brand New 100% Leased
86% Weighting to National Tenants
WALE of 7.7 Years (by Income)

Colliers and Stonebridge are pleased to exclusively present for sale Chirnside Lifestyle Centre, a brand-new Large Format Retail Centre strategically located within Melbourne's rapidly expanding eastern growth corridor.

Prominently located on the busy major arterial Maroondah Highway with 38,000* cars passing daily, the centre presents an ultra-defensive high growth large format retail centre 32km from the Melbourne CBD.

Investment Highlights:
- 100% leased
- 86%* weighting to national chain tenants including Harris Scarfe, Baby Bunting, Fantastic Furniture and Chemist Warehouse
- 7.7 year* WALE (by income)
- Highly attractive net lease structures with fixed annual growth
- Occupying a significant 3.5ha* Commercial 1 Zone site providing future development upside
- Completion December 2022 providing significant depreciation benefit potentials
- 286* on-grade car spaces (2.58*/100sqm)
- Prominent location on Maroondah Highway with 38,000* cars passing daily
- Fully leased net income of $2.65 million*

*Approximately

Please contact our exclusive marketing agents for more information.

Tim McIntosh
+61 488 320 063

Mike Crittenden
+61 400 544 045

James Wilson
+61 402 079 304

Justin Dowers
+61 438 098 805

Kevin Tong
+61 422 848 818

Philip Gartland
+61 403 582 324