. Vaughan Street,
Shepparton, VIC 3630
Development Sites & Land • Shops & Retail
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Map of . Vaughan Street
SHEPPARTON CBD RETAIL INVESTMENT/DEVELOPMENT OPPORTUNITY
- Coles/Kmart Anchor
- Shepparton CBD location
- 16.77ha Development Land
The portfolio is being offered as two (2) separate opportunities, which can be purchased individually or in an ‘in one line’ basis. The key attributes of both opportunities are summarised as follows:
Property 1 – Value Add Retail Investment Opportunity Leased to Kmart & Coles
• Strategic Victorian retail investment with long term lease to Coles (3,930sqm*) and Kmart (7,070sqm*), expiring July 2020 with no further options
• Efficiently configured retail centre with no specialty tenants
• Estimated annual net income of $1,741,000* excl GST
• Substantial CBD land holding of 21,750 square metres* including 366 ‘at grade’ car spaces*
Property 2 – Retail Development Opportunity – Zoned for a Neighbourhood Shopping Centre (STPA)
• Prime centrally located 16,766sqm*, Business 1 and 5 zoned CBD development site
• Provision for a full line supermarket based shopping centre development (STPA)
• Significant development synergies may be obtained if purchased with Property 1
• Future development may benefit from four (4) active street frontages
• Provision for significant CBD car parking amenity
CBRE Victorian Retail Investments as exclusive sales and marketing agents offer the portfolio by way of a Public Expressions of Interest campaign closing at 3:00pm (AEST) Thursday 12 April 2012.
Acting under instructions from Adam Nikitins and Justin Walsh from Ernst & Young, Receivers and Managers
Property 1 – Value Add Retail Investment Opportunity Leased to Kmart & Coles
• Strategic Victorian retail investment with long term lease to Coles (3,930sqm*) and Kmart (7,070sqm*), expiring July 2020 with no further options
• Efficiently configured retail centre with no specialty tenants
• Estimated annual net income of $1,741,000* excl GST
• Substantial CBD land holding of 21,750 square metres* including 366 ‘at grade’ car spaces*
Property 2 – Retail Development Opportunity – Zoned for a Neighbourhood Shopping Centre (STPA)
• Prime centrally located 16,766sqm*, Business 1 and 5 zoned CBD development site
• Provision for a full line supermarket based shopping centre development (STPA)
• Significant development synergies may be obtained if purchased with Property 1
• Future development may benefit from four (4) active street frontages
• Provision for significant CBD car parking amenity
CBRE Victorian Retail Investments as exclusive sales and marketing agents offer the portfolio by way of a Public Expressions of Interest campaign closing at 3:00pm (AEST) Thursday 12 April 2012.
Acting under instructions from Adam Nikitins and Justin Walsh from Ernst & Young, Receivers and Managers
Shepparton, 3630 demographic data
The median household income for Shepparton is $1,285, 7% lower than Regional Victoria's household income of $1,386. Shepparton has a younger age profile compared to the rest of Regional Victoria (median age 38 vs 43). Property ownership data shows 46% of property owners in Shepparton have a mortgage.
32,067
Population
$1,285 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
. Vaughan Street
Shepparton, VIC 3630
Detailed listing
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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CB Richard Ellis - MelbourneRialto North Tower Level 32 525 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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