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401-415 Maroondah Highway
Croydon North VIC 3136
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Sold on 16 Apr 2015

401-415 Maroondah Highway Croydon North VIC 3136

  • Shop & Retail
  • 3,092 m²
  • Sold

Metropolitan Neighbourhood Shopping Centre with Brand New 10 Year Net Lease to Coles For Sale

    Highly convenient and refurbished Neighbourhood Shopping Centre (3,092sqm* GLA) anchored by Coles + 11 specialty shops
    Brand New 10 year lease to Coles (Westfarmers ASX:WES), expiring June 2026 plus options
    On the going home side of Maroondah Highway and passed by 30,000 cars per day**
    Supermarket operating from the site for nearly 40 years
    Convenient at-grade car park for 113 vehicles* + the benefit of 1 hour street parking
    Highly exposed 7,707sqm* 'Commercial 1' site with 3 street frontages - 111.7m* to Maroondah Highway, the primary thoroughfare connecting the eastern corridor of Melbourne
    Melbourne Metropolitan location with high portion of home ownership - 30km* from the Central Business District
    Vast established trade catchment area with consistent growth forecasted due to increase housing density
    Net Income of $844,000 p.a. (at June 2016)

    *Approx **Source: Vic Roads

    Property Highlights

    Date Sold16 Apr 2015
    Floor Area3,092 m²
    Land Area7,707 m²
    Parking113 x Onsite parkings
    Building TypePartial building
    Property ID2016611011
    Category
    Last updated  3 Oct 2023
    Map for 401-415 Maroondah Highway Croydon North VIC 3136

    Property Highlights

    Date Sold16 Apr 2015
    Floor Area3,092 m²
    Land Area7,707 m²
    Parking113 x Onsite parkings
    Building TypePartial building
    Property ID2016611011
    Category
    Last updated  3 Oct 2023
    Level 34, 8 Exhibition Street Melbourne VIC 3000

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