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Cranbourne Park, 125 High Street,
Cranbourne, VIC 3977
Shops & Retail
Added 2 days ago
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JLL - Sydney
Level 27, 180 George StreetSYDNEY, NSW 2000
Cranbourne Park, 125 High Street
Cranbourne, VIC 3977
Map of Cranbourne Park, 125 High Street
Train stations within 5 km of Cranbourne Park, 125 High Street, Cranbourne, VIC 3977 Distance Cranbourne Station 876 m Merinda Park Station 3.5 km POWERED BY HERE ©Bus stops within 5 km of Cranbourne Park, 125 High Street, Cranbourne, VIC 3977 Distance Cranbourne Park SC High St 128 m Cranbourne Park SC/Lyall St (Cranbourne) 233 m Alexander St/High St (Cranbourne) 364 m Grace StHigh St 370 m Childers St/Codrington St (Cranbourne) 491 m POWERED BY HERE ©
POWERED BY HERE ©
A dominant metropolitan Melbourne Shopping Centre in the heart of the southeast growth corridor
- Prominent 7.5ha site
- Secure income profile
- Positioned for growth
JLL & Stonebridge are pleased to present for sale at 50% interest in Cranbourne Park Shopping Centre, a major Sub-Regional Shopping Centre in the heart of Melbourne’s southeast growth corridor. Sitting atop a commanding 7.5ha* land holding, the Centre stands as Melbourne’s largest Sub-Regional Centre in the outer southeast precinct**.
- A premier and strong performing Sub-Regional Shopping Centre (46,300sqm*) anchored by Coles, Kmart, Target and Harris Scarfe, with 91% weighting to national retailers^
- Highly robust and defensive income stream, underpinned by 96 specialty retailers with a sustainable occupancy cost of 13.5%^
- Institutionally managed by Vicinity Centres for 24 years, $113 million expansion, introducing the fi rst Target into the trade area & an additional 12,500sqm of retail space
- Unparalleled 7.5ha land holding in southeastern growth corridor, benefitting from a 2.5% p.a. population growth rate in the primary trade area (47% above the Greater Melbourne average)^^
- Total Centre moving annual turnover (MAT) at $323 million (incl. GST), major tenants contributing over 40% to total centre MAT^
A 50% interest is available for purchase via expressions of interest, closing Wednesday 9 October at 4:00pm (AEDT).
* Approximately
** PCA Benchmarks, 2023
^ Financial Pack dated as at 30-Nov 2024, MAT as at 30-Jul 2024
^^LocationIQ, 2024
- A premier and strong performing Sub-Regional Shopping Centre (46,300sqm*) anchored by Coles, Kmart, Target and Harris Scarfe, with 91% weighting to national retailers^
- Highly robust and defensive income stream, underpinned by 96 specialty retailers with a sustainable occupancy cost of 13.5%^
- Institutionally managed by Vicinity Centres for 24 years, $113 million expansion, introducing the fi rst Target into the trade area & an additional 12,500sqm of retail space
- Unparalleled 7.5ha land holding in southeastern growth corridor, benefitting from a 2.5% p.a. population growth rate in the primary trade area (47% above the Greater Melbourne average)^^
- Total Centre moving annual turnover (MAT) at $323 million (incl. GST), major tenants contributing over 40% to total centre MAT^
A 50% interest is available for purchase via expressions of interest, closing Wednesday 9 October at 4:00pm (AEDT).
* Approximately
** PCA Benchmarks, 2023
^ Financial Pack dated as at 30-Nov 2024, MAT as at 30-Jul 2024
^^LocationIQ, 2024
Property ID: 504686200Last Updated: 11 Sep 2024
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Stonebridge Property Group - SydneyLevel 7, 14 Martin Place
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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