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180 Gaffney Street
Coburg North VIC 3058
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Sold on 15 Dec 2016

180 Gaffney Street Coburg North VIC 3058

  • Shop & Retail
  • 1.86 ha
  • Sold

Brand New High Performing Coles Neighbourhood Shopping Centre

Savills is delighted to offer for sale by Expressions of Interest Coburg North Village.

This brand new shopping centre represents a unique and compelling retail investment anchored by a market leading Coles supermarket within an established inner metropolitan location.

Key attributes of this outstanding shopping centre are:

- Prime inner metropolitan location - 9km* from Melbourne's CBD

- Latest 'market style' Coles supermarket (4,175sq m* incl. Liquorland)

- 15 yr lease to Coles & Liquorland with 5 x 10 yr options - 61%of gross income

- Fully leased & supported by 15 specialties with favourable fixed annual reviews and future market upside

- Total GLA of 6,283sq m*

- Convenient on-grade parking for 303 vehicles*

- Outstanding high profile 18,560sq m* corner site

- Servicing a catchment of 46,100 residents* generating $597 million* of retail expenditure - forecast to grow by 4.1%* pa over next 10 yrs (Source: MacroPlan Dimasi)

- The only supermarket over 2,000sq m in the main trade area (Source: MacroPlan Dimasi)

- Net income $1,877,411 pa*

(*) Approximate

Exclusive Selling Agents:

Pat De Maria 0421 569 984
Tom Forrest 0439 312 442
Steven Lerche 0414 467 216

Property Highlights

Date Sold15 Dec 2016
Floor AreaAsk Agent
Land Area1.86 ha
ParkingAsk Agent
Property ID2012868536
Category
Last updated  3 May 2017
Map for 180 Gaffney Street Coburg North VIC 3058

Property Highlights

Date Sold15 Dec 2016
Floor AreaAsk Agent
Land Area1.86 ha
ParkingAsk Agent
Property ID2012868536
Category
Last updated  3 May 2017

Listed by

Savills Melbourne
Call
03 8686 8000

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