Corner Cardinia Road & Princes Highway Officer VIC 3809

Shop & Retail
Sold

Strong Trading Melbourne Metropolitan Neighbourhood Shopping Centre

Arena Shopping Centre - Officer.
For Sale by Expression of Interest, closing Wednesday 5th April, 5pm.

Highly exposed 2.973Ha land parcel, with 430 metre frontages to both Princes Highway and Cardinia Road. Strong trading prime neighbourhood shopping centre, secured by a 4,100sqm full line Woolworths Supermarket and BWS. (20 Year lease)

Complemented by 26 specialty Retailers plus a freestanding McDonald's Restaurant (20 year lease) and Caltex Petrol Station (15 year lease). Site includes at grade car parking for 338 vehicles.

The Centre is set to benefit from a growing MTA of 13,830 residents, expected to increase to 23,580 by 2026 (average growth rate of 6.1%pa). The Centre's net annual income of $2,650,000.

For Sale by Expression of Interest - Closing Wednesday 5th April 2017, 5pm.