31-69 Mclister Street, Spotswood, VIC, 3015

Acting as exclusive agents, Knight Frank Capital Markets is proud to present Union Quarter Village for sale by International Expressions of Interest.

Union Quarter Village represents a rare opportunity to acquire a 100% freehold interest in an established and thriving mixed-use asset, completed in 2023.

The asset comprises 332 residential apartments, with a neighbourhood retail centre with a full-line Woolworths Supermarket and Dan Murphy's.

Investment highlights:

• ESTABLISHED LIVING ASSET - Diversified and secure income stream underpinned by residential Build-to-Rent (BTR), Specialist Disability Accommodation (SDA) and short-stay Urban Rest units across a total of 332 apartments.

• UNDERPINNED BY THRIVING RETAIL PRECINCT - Blue-chip ground-level retail anchored by a full-line Woolworths Supermarket and Dan Murphy’s (15-year leases with ASX-listed tenants) and Chemist Warehouse (ASX-Listed Sigma Healthcare), supported by a defensive tenancy mix (over 90% non-discretionary.)

• STABLE AND DIVERSIFIED INCOME - Estimated fully let income of $19.5m*, with upside via turnover rent and operating efficiency improvements.

• HIGHLY CONNECTED INNER-WEST LOCATION WITH STRONG DEMOGRAPHICS - Located in an affluent catchment with household incomes 33% above the Melbourne average and supported by major infrastructure projects. The asset sits just 200m* from Spotswood Train Station, providing direct CBD access.

• NUMEROUS VALUE-ADD & UPSIDE SCENARIOS - The asset provides numerous value-add, upside and exit scenarios, including NOI enhancement, strata subdivision and sell-down, or further development and value-add outcomes.

• SUSTAINABLE AND HIGH-QUALITY ASSET - Purpose-built high-quality asset aligned with contemporary ESG standards, including a 7-star NatHERS rating and 4-star Green Star design, enhancing long-term defensibility.

For Sale by International Expressions of Interest closing Wednesday 7 October at 2pm (AEDT)

Under instruction from Receivers and Managers Matthew Hutton and Jonathan Henry of McGrathNicol

Knight Frank:

Josh Rutman | 0411 27 37 46

Jesse Radisich | 0402 085 702

*income figures are approximate

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