Armstrong Creek Shopping Centre 500-540 Torquay Road,
Armstrong Creek, VIC 3217
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Floor area
Car spaces
Sold on
Colliers - Melbourne
Level 30, 367 Collins StreetMELBOURNE, VIC 3000
04883200...
Armstrong Creek Shopping Centre 500-540 Torquay Road
Armstrong Creek, VIC 3217
Map of Armstrong Creek Shopping Centre 500-540 Torquay Road
AUSTRALIA’S NEWEST COLES ANCHORED NEIGHBOURHOOD SHOPPING CENTRE SURROUNDED BY UNPRECEDENTED GROWTH
- 15-year lease to Coles Group
- Significant depreciation benefits
- Fully leased NOI $3.7 million p.a.*
Colliers International is proud to offer for sale the brand-new Armstrong Creek Shopping Centre, Armstrong Creek, Victoria.
On completion, the Centre will present as a highly convenient, non-discretionary offering, comprising 9,755sqm* of floor space on a landmark 2.065 hectare site*.
The key investment highlights are:
• Anchored by full-line Coles supermarket with highly attractive percentage rent threshold
• Serviced by 441 at-grade car spaces
• Over 24,000* vehicles passing daily along the Surf Coast Highway
• MTA estimated retail spend of $915.9 million in 2019, forecast to grow 5.2% p.a to $2.03 billion by 2036^
• Main Trade Area population of 61,300 people in 2019 forecast to grow at 4.3% p.a. to 116,000 by 2036^
• Median Primary Sector Individual income 28% above Victorian Average^
• The Centre will be complimented by a future Town Centre incorporating 75,000sqm of retail, 50,000sqm of non-retail floor space and 1,249 dwellings*
FOR SALE VIA PUBLIC EXPRESSIONS OF INTEREST CLOSING THURSDAY 2nd APRIL 2020 AT 2.00PM (AEDT)
For further information please contact the exclusive sales and marketing agents:
Tim McIntosh
+61 488 320 0...
Mike Crittenden
+61 400 544 045
*Approximate
^Ethos Urban February 2020
On completion, the Centre will present as a highly convenient, non-discretionary offering, comprising 9,755sqm* of floor space on a landmark 2.065 hectare site*.
The key investment highlights are:
• Anchored by full-line Coles supermarket with highly attractive percentage rent threshold
• Serviced by 441 at-grade car spaces
• Over 24,000* vehicles passing daily along the Surf Coast Highway
• MTA estimated retail spend of $915.9 million in 2019, forecast to grow 5.2% p.a to $2.03 billion by 2036^
• Main Trade Area population of 61,300 people in 2019 forecast to grow at 4.3% p.a. to 116,000 by 2036^
• Median Primary Sector Individual income 28% above Victorian Average^
• The Centre will be complimented by a future Town Centre incorporating 75,000sqm of retail, 50,000sqm of non-retail floor space and 1,249 dwellings*
FOR SALE VIA PUBLIC EXPRESSIONS OF INTEREST CLOSING THURSDAY 2nd APRIL 2020 AT 2.00PM (AEDT)
For further information please contact the exclusive sales and marketing agents:
Tim McIntosh
+61 488 320 0...
Mike Crittenden
+61 400 544 045
*Approximate
^Ethos Urban February 2020
Property ID: 503489210Last Updated: 12 Apr 2022
Colliers - MelbourneLevel 30, 367 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
More properties from Colliers - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Pakington Strand Shopping Centre 95-103 Pakington Street,Geelong West, VIC 3218 5317 m²Shops & Retail • Development Sites & Land