Summerhill Shopping Centre, VIC

Double supermarket anchored Shopping Centre underpinned by a 4.2 hectare metropolitan Melbourne landholding

• Anchored by Coles, Kmart, and Aldi
• Located 12km* north of the Melbourne CBD
• 42,450 sqm* Commercial 1 zoned site

JLL, in conjunction with Stonebridge Property Group, is pleased to present for sale Summerhill Shopping Centre, a double supermarket anchored shopping centre underpinned by a 4.2-hectare metropolitan Melbourne landholding.  

The key highlights of the opportunity include:

• Anchored by Coles, Kmart, and Aldi, and supported by 26 shops, 3 kiosks and 3 pad sites over 16,551 sqm* GLAR.
• Located 12 km* north of the Melbourne CBD and 1.6km* from La Trobe University in an employment and innovation priority area.
• Positioned on an expansive 42,450 sqm* Commercial 1 zoned site with a 249 metre* arterial road frontage.
• Large and growing Main Trade Area of 107,440 people, including residents, workers, and students^.
• Long WALE of 7.2 years (by area), underpinned by leases to Coles (2035) and Kmart (2030) with rare 10-year options.
• Strong land underpin, previously approved for a mixed-use development including 319 units.
• Fully leased net operating income of $5.05m p.a.* with excellent growth prospects.

* Approximately  

^ Location IQ

Summerhill Shopping Centre is for sale by Expressions of Interest closing on Wednesday, 17th August 2022 at 4:00 pm AEST.

For further information please contact the selling agents.