New Fully Leased IGA Shopping Centre – Booming Metro Melbourne Growth Suburb

Description

+ Trophy essential service asset with long 7.9 year WALE.
+ 94% of rent underpinned by Daily Needs and essential service tenants.
+ IGA Supermarket + 6 shops with 44 on title car park spaces.
+ Imposing 4,389 sqm island site with combined 268 metre* street frontage.
+ Constructed in 2020 – offering substantial depreciation benefits.
+ Surrounded by important social infrastructure, including 7 schools within 3km servicing 7,170 full time students.*
+ Fraser Rise: Located within the City of Melton, Melbourne’s Western Growth Corridor, population forecast to grow 253% by 2051.**
+ City of Melton: Population forecast to grow 131% to 448,053 by 2051.**
+ In the City of Melton, the value of building approvals has increased by 130% to $2.26 billion since 2019.***
+ 100% occupancy with a combined income of $361,404 with favourable rent reviews across the centre.

To be sold by Investment Portfolio Auction: 
10:30 am (AEST) Wednesday 23 February 2022
River Room, Crown Casino, Melbourne

*GapMaps
**Forecast.id
***Economy.id

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents. 

Do you own a similar property?

Enquire

Contact agents
Shaun Venables Partner
0411 860 865
Rick Jacobson Sales Executive
0413 830 083
Enquiry Form

Fraser Rise, VIC

2 Osprey Drive

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 150

Contact agents
Enquire