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420-440 Craigieburn Road
Craigieburn VIC 3064
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Sold on 10 Sep 2021

420-440 Craigieburn Road Craigieburn VIC 3064

  • Shop & Retail
  • 25,086 m²
  • Sold

CAMPAIGN CLOSED

  • New & sustainable construction
  • Diverse & flexible income
  • 87.4% weighting to national tenants

JLL & Stonebridge are pleased to offer for sale Craigieburn Junction, a new and dominant Large Format Retail centre situated in Melbourne's north growth corridor.

Positioned on a highly exposed corner allotment in Craigieburn, the centre provides an unrivaled opportunity to secure a strong performing LFR precinct within a true town centre location

- Positioned on a high exposure corner site (60,480 sqm*) with 26,000 cars*^ passing daily
- A strong and diverse tenant mix, exemplified by a 87%* (by GLA) weighting to national/ chain operators
- Offering a 7.29 year* WALE (by income) with 95.8%* occupancy (by income)
- Built brand new in 2019, providing significant depreciation benefits
- Located in Melbourne's North Growth Corridor the
MTA is set to grow 3.55% p.a. for the next ten years^
- Fully leased net income $7.7 million* p.a

*Approximately
^Location IQ, 2021

Craigieburn Junction is being offered for sale via expressions of interest, closing Thursday 19th August at 2:00pm (AEST).

Property Highlights

Date Sold10 Sep 2021
Floor Area25,086 m²
Land Area6.05 ha
ParkingOn site parking available
Building TypeWhole building
Property ID2017148387
Category
Last updated  1 Oct 2021
Map for 420-440 Craigieburn Road Craigieburn VIC 3064

Property Highlights

Date Sold10 Sep 2021
Floor Area25,086 m²
Land Area6.05 ha
ParkingOn site parking available
Building TypeWhole building
Property ID2017148387
Category
Last updated  1 Oct 2021

Co-Agents

Justin Dowers
JLL - Sydney
Call
+61 438 098 805
Philip Gartland
JLL - Sydney
Call
+61403582324

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