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Springvale Road 580
Wheelers Hill VIC 3150
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CBRE

Springvale Road 580 Wheelers Hill VIC 3150

  • Shop & Retail
  • 22,789 m²
  • For Sale, Contact Agents

Prized Metro Melbourne Sub-Regional Centre with Development Potential

  • A landmark 58,100sqm* landholding
  • Underpinned by strong retail offering
  • Unparalleled development potential

Prized Metro Melbourne Sub-Regional Centre with unparalleled development potential

JLL Retail Investments & CBRE are pleased to offer for sale Brandon Park, a well-established Sub-Regional Shopping Centre in Melbourne's prized South-Eastern suburbs, 19 kilometres* from the Melbourne CBD.
The property sits on a formidable 58,100sqm* Commercial 1 Zoned (C1Z) island site, and is identified as a 'Major Activity Centre', which provides enormous flexibility for future development staging and master planning.

Key Highlights of the Opportunity:

+ Dual-supermarket sub-regional shopping centre anchored by a strong performing Coles and ALDI, six mini-majors, 78 specialities, and seven kiosks across 22,789 sqm* of GLA.
+ Formidable 5.81 h.a. island site in the heart of Melbourne's prized south-eastern suburbs
+ Located on the border of Glen Waverley & Wheelers Hill, an affluent trade area and directly adjacent to the Monash NEIC, Victoria's largest employment cluster outside of the Melbourne CBD, supporting over 115,000 jobs.
+ Exceptional connectivity being positioned on two major arterial roads with exposure to over 97,000 passing vehicles, and just 250m from the Monash Freeway (M1) providing direct access to the CBD within 20 minutes*
+ Access to public transport infrastructure being 2.5km to Glen Waverley station (accessible via direct bus along Springvale Road) and 2.2km from the planned Monash station as part of the Suburban Rail Loop (SRL - East)
+ Existing planning approval in place for a seven-level mixed-use development providing immediate and significant development potential    
+ Opportunity for a diverse range of significant value-add options, including executing retail remixing and repositioning, incorporating mixed-use development, or greater redevelopment of the asset for alternative uses.

For sale by Expressions of Interest closing Thursday 30th May 2024 at 12:00pm (AEST)

To obtain further information or to arrange an inspection, please contact the exclusive selling agents:

JLL Agents:
Stuart Taylor | 0428 000 000
Nick Willis | 0409 595 803
Jesse Radisich | 0402 085 702
MingXuan Li | 0498 688 998

CBRE Agents:
Simon Rooney | 0418 284 680
James Douglas | 0419 973 245
David Minty | 0422 564 199

Property Highlights

Floor Area22,789 m²
Land Area5.81 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019213138
Category
Last updated  3 May 2024
Map for Springvale Road 580 Wheelers Hill VIC 3150

Property Highlights

Floor Area22,789 m²
Land Area5.81 ha
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019213138
Category
Last updated  3 May 2024

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