Maroondah Village Shopping Centre, 401-415 Maroondah Highway, Croydon North, Vic 3136

JLL Retail Investments has the exclusive privilege of offering for sale Maroondah Village Shopping Centre. A rare opportunity to acquire a metropolitan Melbourne located Coles anchored shopping centre with 11 shops.
 
Maroondah Village Shopping Centre is positioned on a highly strategic corner landholding and is the primary retail precinct within Croydon North, approximately 30km* east of the Melbourne CBD.
 
Situated on major 7,707sqm* Commercial 1 Zoned (C1Z) site, the centre benefits from triple street frontages and exposure to the homeward-bound side of Maroondah Highway.
The shopping centre is well serviced by approximately 113 at-grade car parking with dual access via either Maroondah Highway or Exter Road providing exceptional convenience for customers. 
 
 Key details of the opportunity include: 
 
+ Anchored by 2,074sqm Coles Supermarket with an efficient 3% occupancy cost ratio

+ 7,707sqm* Commercial 1 Zoned (C1Z) site benefitting from triple street frontages and exposure to over 48,000* daily passing vehicles

+ 67% of centre underpinned by a NET lease to Coles Group^

+ Low average gross specialty rents of $559/sqm, 49% below Urbis benchmarks ($1,102/sqm) 1 

+ Croydon North median house price is 20% above the Melbourne average

+ At-grade carparking for 113 vehicles providing superior shopping convenience for customers

+ Strong population growth within the city of Maroondah, forecasted to grow by 17% by 2041 3 

+ Fully leased NET income of $859,747
 
*Approx.
^By GLA
1Urbis Shopping Centre Benchmarks (2023)
3Source Forecast.id
 
Maroondah Village Shopping Centre is For Sale by Expressions of Interest closing Wednesday 25th September at 3:00pm (AEST) 
 
To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
 
Tom Noonan | 0402 319 698
Stuart Taylor | 0428 000 000
MingXuan Li | 0498 688 998
 
 中文普通话咨询物业详情，请联系Mingxuan Li李名轩。 手机：  0498 688 998 ， 电子邮件：  [email protected] ， 或微信ID:  Mingxuanli777