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Bentons Square
Mornington VIC 3931
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Sold on 3 Oct 2018

Bentons Square Mornington VIC 3931

  • Shop & Retail
  • 3.96 ha
  • Sold

Exceptional Melbourne Metropolitan Neighbourhood Investment Opportunity

• Strong performing neighbourhood shopping centre securely anchored by Woolworths, representing 42% of GLA, secured on a long lease with a WALE of 11.2 years
• Vibrant community hub and dominant convenience offering – the main retail and community centre in eastern Mornington, with an exceptional food, service and convenience tenancy mix with food and service representing 77% of total centre MAT
• Ranked no. 6 by MAT/sqm – SCN ‘Mini Guns’ in Australia for 2017
• Exceptional performing Dan Murphy’s store – the only large format liquor store in the Mornington Peninsula region
• Significant TTA population of 50,430 persons, with 17,700 (or 35%) located within the PTA*
• Growing TTA retail expenditure pool of $729.0m with forecast growth of 3.5% p.a. expected to reach over $1.0bn by 2027, including $327.0m in the PTA*
• Significant food retail and catering expenditure within the TTA accounting for 44% of total retail expenditure – expected to grow by 4.1% p.a. and 5.5% p.a. respectively, key markets of relevance to Woolworths, Dan Murphy’s and other food retail tenants at the centre*

Bentons Square forms part of the Major Australian Shopping Centre Portfolio, comprising 14 high-quality, sub-regional and neighbourhood shopping centre investments

For sale in one line or individually by EOI closing Thursday 23 August at 12 noon (AEST)

All figures above are approximate only
*Urbis, June 2018

Property Highlights

Date Sold3 Oct 2018
Floor AreaAsk Agent
Land Area3.96 ha
ParkingAsk Agent
Property ID2014483980
Category
Last updated  16 Oct 2018
Map for Bentons Square Mornington VIC 3931

Property Highlights

Date Sold3 Oct 2018
Floor AreaAsk Agent
Land Area3.96 ha
ParkingAsk Agent
Property ID2014483980
Category
Last updated  16 Oct 2018
Level 27 180 George Street Sydney NSW 2000
JLL - Sydney
JLL - Sydney

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