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Mernda Junction Shopping Centre, 1435 Plenty Road, Mernda, VIC, 3754
Mernda
Stonebridge Property Group is privileged to present for sale Mernda Junction Shopping Centre, a dominant neighbourhood centre located in a high growth corridor of Melbourne.
The key highlights of the opportunity include:
- High quality neighbourhood centre anchored by a full-line Coles Supermarket and Liquorland plus a Chemist Warehouse, 16 specialty shops and 2 kiosks
- Long WALE of 11.8 years* (by area) underpinned by a rare 20 year lease to Coles from 2019
- Exceptional Coles performance, trading well in excess of the percentage rent threshold since opening year
- Strong income growth potential with specialty rents 25% below benchmark^ and specialty rent reviews of 4%-5%
- The only Coles in a large and growing Main Trade Area of 68,280 people^^
- Convenient combination of open-air and undercover parking for 321 vehicles (1 per 21.9 sqm GLAR)*
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Justin Dowers
0438 098 805
Carl Molony
0439 032 028
Kevin Tong
0422 848 818
* Approximately
^ Urbis Single Supermarket Benchmark
^^Location IQ
Property Code: 537
Remember to mention you found this property on CommercialReady
Stonebridge Property Group is privileged to present for sale Mernda Junction Shopping Centre, a dominant neighbourhood centre located in a high growth corridor of Melbourne.
The key highlights of the opportunity include:
- High quality neighbourhood centre anchored by a full-line Coles Supermarket and Liquorland plus a Chemist Warehouse, 16 specialty shops and 2 kiosks
- Long WALE of 11.8 years* (by area) underpinned by a rare 20 year lease to Coles from 2019
- Exceptional Coles performance, trading well in excess of the percentage rent threshold since opening year
- Strong income growth potential with specialty rents 25% below benchmark^ and specialty rent reviews of 4%-5%
- The only Coles in a large and growing Main Trade Area of 68,280 people^^
- Convenient combination of open-air and undercover parking for 321 vehicles (1 per 21.9 sqm GLAR)*
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Justin Dowers
0438 098 805
Carl Molony
0439 032 028
Kevin Tong
0422 848 818
* Approximately
^ Urbis Single Supermarket Benchmark
^^Location IQ
Property Code: 537
Remember to mention you found this property on CommercialReady
Mernda Junction Shopping Centre, 1435 Plenty Road, Mernda, VIC, 3754
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
