Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Building Area
Land Area ()

Property Description

JLL is pleased to exclusively offer for sale, TownCentre Victoria Point – an unrivalled 7.6 ha landholding that sets the benchmark for convenience-based retailing in Australia.

 

FOOD | FUEL | HARDWARE | LIQUOR | MEDICAL

Investment Highlights

Key Investment Highlights:

- Anchored by national heavyweight tenants: Woolworths, Bunnings Warehouse, Dan Murphy’s, ALH Group, McDonalds & Healius Medical Centre

- Strong performing Woolworths Supermarket trading at 53% above the Urbis average (MAT/ sqm basis) and supported by defensive non-discretionary and service-based retailers

- Carefully designed into six key precincts, each being entirely self-sustainable and serviceable, allowing for long term liquidity and subdivision (STCA)

- Attractive underlying mixed-use zoning with immediate value add via existing DA approval for expansion

- Encompassing nine buildings with a total GLA of 20,892 sqm the centre represents a low site coverage of 27%

- Low supermarket provision in the MTA with only three full-line supermarkets supporting 100,000 persons including over 50,000 person in the primary trade area

- Poised to benefit from a population uplift of 37% in the total trade area, averaging 1.6% p.a., outpacing the Australian average of 1.3%^

- Fully leased net income of $7.2 million p.a.*


TownCentre Victoria Point is being offered by way of Expressions of Interest closing Wednesday 23rd June 2021 and 2:00pm (AEST)

 

To book an inspection or obtain further information, contact the exclusive selling agents at JLL.

 

^LocationIQ

*Approximate

Last Updated Date: 27 May 2021
Nick Willis
Senior Director, Capital Markets Transactions
Sam Hatcher
Sam Hatcher
Joint Head of Retail Investments - Australia

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Last Updated Date: 27 May 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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