48-50 The Centreway,
Lara, VIC 3212

Shops & Retail

Key property information

Floor area

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Parking info

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Map of 48-50 The Centreway

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Five Retail Gems In One Line

Five quality tenants including Bakers
Net income of $200,000 p.a. approx
Adjoining brand new shopping centre

Colliers International is pleased to offer an extremely rare opportunity to acquire five speciality shops in one line. Situated immediately adjoining the brand new Lara Woolworths at 48-50 The Centreway Lara is for sale by Auction on Friday 2nd June at 2pm on-site.

Key investment highlights include:

• 100% leased
• Currently returning a net income of $200,000 p.a *
• Five quality tenants including Bakers Delight
• Enviable location in the heart of Lara town centre and immediately adjoining brand new Woolworths anchored neighbourhood shopping centre
• Impressive catchment from immediate area and passing traffic
• Strong fixed annual rental growth
• Long lease expiries
• Adjoining car parking for 241

Ben Young 0407 296 6...
Andrew Lewis 0418 508 908
Jeremy Gruzewski 0422 211 021
Ben Baines 0422 211 021

Lara, 3212 demographic data

The median household income for Lara is $1,969, 42% higher than Regional Victoria's household income of $1,386. Lara has a younger age profile compared to the rest of Regional Victoria (median age 37 vs 43). Property ownership data shows 59% of property owners in Lara have a mortgage.

19,014

Population

$1,969 per week

Median household income

37 years

Median age

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Most households