60 Puckle Street,
Moonee Ponds, VIC 3039
Shops & Retail
Key property information
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Floor area
Tenure type
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Emmetts - Melbourne
21-27 Somerset PlaceMELBOURNE, VIC 3000
60 Puckle Street
Moonee Ponds, VIC 3039
Map of 60 Puckle Street
PRIME PUCKLE STREET FREEHOLD INVESTMENT
- RECENTLY RENEWED 5 YEAR LEASE
- PRIME CENTRAL STRIP POSITION
- HIGH DENSITY PRECINCT
Emmetts are delighted to exclusively present for sale by public on site auction, a prime retail freehold investment opportunity positioned centrally the within Moonee Ponds iconic Puckle Street.
INVEST WITH CONFIDENCE
+ Puckle Street is one of Melbourne's strongest and most consistently performing retail strips. The strip benefits from its strategic position within Melbourne's established inner north-west attracting shoppers from surrounding suburbs.
+ Puckle Street benefits from limited nearby competing retail strips providing defensive investment characteristics.
+ The strip is anchored by Woolworths, Coles, Kmart and Aldi and is enhanced by its abundance of at-grade convenient car parking in addition to ease of transport via Moonee Ponds Station and nearby bus / tram interchange.
+ The location has benefitted in recent years from the Moonee Ponds Activity Centre Plan (MPAC) which has encouraged medium and high density development activity immediately surrounding Puckle Street.
+ Over 2,200* new apartments have been developed with more than 440 apartments yet to come.
+ Key growth statistics within the MPAC Plan (2021) include a forecast 224% growth in population, forecast 96% growth in employment, an increase in demand for retail space of 34,841 sq m and an increase in demand for office space of 194,424 sq m.^
+ This growth in population and employment is expected to continue to add significantly to local retail expenditure, providing potential for strong retail rental growth along Puckle Street.
+ Freehold land of 177 sqm* with rear access via Puckle Lane.
+ Building size of 146 sq m* all ground floor space (note first floor inaccessible).
+ Recently renewed 5 year lease to 'Makardi Salon'.
+ Lease provides for fixed annual rental increases of 3% pa with a market review at the commencement of the further term.
60 Puckle Street is for sale by Public Auction on Wednesday 17th September at 2:30pm.
For further information or to arrange an inspection, please contact the exclusive selling agents.
* Denotes approx.
^ Source: MPAC projection to 2040: Moonee Ponds Activity Centre Local Plan April 2021
INVEST WITH CONFIDENCE
+ Puckle Street is one of Melbourne's strongest and most consistently performing retail strips. The strip benefits from its strategic position within Melbourne's established inner north-west attracting shoppers from surrounding suburbs.
+ Puckle Street benefits from limited nearby competing retail strips providing defensive investment characteristics.
+ The strip is anchored by Woolworths, Coles, Kmart and Aldi and is enhanced by its abundance of at-grade convenient car parking in addition to ease of transport via Moonee Ponds Station and nearby bus / tram interchange.
+ The location has benefitted in recent years from the Moonee Ponds Activity Centre Plan (MPAC) which has encouraged medium and high density development activity immediately surrounding Puckle Street.
+ Over 2,200* new apartments have been developed with more than 440 apartments yet to come.
+ Key growth statistics within the MPAC Plan (2021) include a forecast 224% growth in population, forecast 96% growth in employment, an increase in demand for retail space of 34,841 sq m and an increase in demand for office space of 194,424 sq m.^
+ This growth in population and employment is expected to continue to add significantly to local retail expenditure, providing potential for strong retail rental growth along Puckle Street.
+ Freehold land of 177 sqm* with rear access via Puckle Lane.
+ Building size of 146 sq m* all ground floor space (note first floor inaccessible).
+ Recently renewed 5 year lease to 'Makardi Salon'.
+ Lease provides for fixed annual rental increases of 3% pa with a market review at the commencement of the further term.
60 Puckle Street is for sale by Public Auction on Wednesday 17th September at 2:30pm.
For further information or to arrange an inspection, please contact the exclusive selling agents.
* Denotes approx.
^ Source: MPAC projection to 2040: Moonee Ponds Activity Centre Local Plan April 2021
Moonee Ponds, 3039 demographic data
The median household income for Moonee Ponds is $2,111, 11% higher than Greater Melbourne's household income of $1,901. Moonee Ponds has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 48% of property owners in Moonee Ponds have a mortgage.
16,224
Population
$2,111 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
Emmetts - Melbourne21-27 Somerset Place
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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