Glebe Hill Village, 1 Commerce Drive,
Howrah, TAS 7018

JLL Retail Investments is privileged to present for sale Glebe Hill Village, a rare opportunity to acquire a brand-new Coles anchored neighbourhood shopping centre of unparalleled quality and performance.

Glebe Hill Village is a state-of-the-art centre representing a level of craftmanship unseen in Australia’s neighbourhood sector, and the most environmentally advanced neighbourhood centre in Tasmania, if not Australia.

Key details of the opportunity include:
 
+ Exceptionally strong trading Coles, already trading well in-excess of percentage rent thresholds, and recently ranked 8 th highest performing centre in Australia in Shopping Centre News’ 2024 Mini-Guns report
+ 12-year lease to Coles Group with highly favourable 10-year option terms, and a 20-year ground lease to McDonald’s providing guaranteed fixed income growth
+ The most environmentally and technologically advanced neighbourhood centre in Tasmania, if not Australia
+ Situated within Hobart’s booming eastern growth corridor, with thousands of houses to be built, along with benefitting from over $2B in major infrastructure projects currently planned and underway in Hobart.
+ Featuring a fully leased net income of $2.88m p.a. and secured via a 8.2 year WALE (by income)
+ Landmark 2.35 h.a. site, just 8km east from the Hobart CBD, with prime corner exposure and connectivity to a MTA of 36,000+ people.

*All figures are approximate only. As at 31 December 2024.

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.
 
Stuart Taylor | 0428 000 0...


• Brand-new centre of unparalleled quality
• Anchored by Coles & McDonald’s
• Already paying percentage rent