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Corio Central Corio, VIC 3214

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For Sale - Expression of Interest

Corio Central
Corio, VIC 3214

Shop & Retail
Sale Price

Contact Agent

Land area

8.7ha (21.5 acres)

Floor area

31503.0m²

Parking info

1530

Property extent

Whole

Tenure type

Tenanted Investment

Thriving Melbourne Shopping Centre Investment, Sitting on Strategic 8.7ha Site

• Dominant, thriving and busy 31,503sqm community shopping destination with an exceptional fresh food, service and every day, necessity-based convenience offer, featuring a strong double supermarket offering of Woolworths and Coles, a Kmart DDS, featuring 6 mini-majors, 82 specialties & kiosks, 16 offices and 1 pad site
• Strategic 8.7ha site, 8km north of the Geelong CBD, at the intersection of Purnell Road and Bacchus Marsh Road, providing exceptional local and regional connectivity and vehicular exposure
• Geelong is a burgeoning regional hub, 76km south-west of Melbourne, the second largest city in Victoria with a resident population approaching 200,000 and a bustling business and tourism market set to benefit from over $450 million in investment over the next ten years* 
• Densely populated, expansive and fast growing main trade area, estimated to comprise 57,920 residents, growing at 0.9% p.a. to reach 63,110 persons by 2028, with potential for significantly higher population growth in the longer term underpinned by substantial greenfield development and urbanisation of the Western Geelong Growth Area and the Northern Geelong Growth Area located 2km north*
• Attractive main trade retail expenditure of $711 million, expected to reach $929 million by 2028, with food expenditure accounting for 60% of total retail expenditure*
• Securely anchored by Coles, Woolworths and Kmart, on long-term leases until at least 2025 
• Exceptional and diverse tenant mix with major, chain and national retailers representing 87% of GLA and 79% of gross rent 
• Offering future strategic repositioning and remixing opportunities, with secure cash flow and historically high occupancy 
• Fully leased net income of $9.4 million as at 30 June 2019

All figures are approximate only
*Urbis, March 2019

Property ID: 503199778Last Updated: 18 Aug 2019

+61 *** ***
Corio Central
Corio, VIC 3214

Agency contacts

JLL - Sydney

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JLL - Sydney

Level 25, 420 George Street
SYDNEY, NSW 2000
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Simon Rooney
JLL - Sydney
Corio Central Corio, VIC 3214

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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