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401-415 Maroondah Highway Croydon North, VIC 3136

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401-415 Maroondah Highway,
Croydon North, VIC 3136

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Metropolitan Neighbourhood Shopping Centre with Brand New 10 Year Net Lease to Coles For Sale

• Highly convenient and refurbished Neighbourhood Shopping Centre (3,092sqm* GLA) anchored by Coles + 11 specialty shops
• Brand New 10 year lease to Coles (Westfarmers ASX:WES), expiring June 2026 plus options
• On the going home side of Maroondah Highway and passed by 30,000 cars per day**
• Supermarket operating from the site for nearly 40 years
• Convenient at-grade car park for 113 vehicles* + the benefit of 1 hour street parking
• Highly exposed 7,707sqm* ‘Commercial 1’ site with 3 street frontages - 111.7m* to Maroondah Highway, the primary thoroughfare connecting the eastern corridor of Melbourne
• Melbourne Metropolitan location with high portion of home ownership - 30km* from the Central Business District
• Vast established trade catchment area with consistent growth forecasted due to increase housing density
• Net Income of $844,000 p.a. (at June 2016)


*Approx **Source: Vic Roads

Property ID: 501463703Last Updated: 3 Oct 2023

03 8621 33...
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401-415 Maroondah Highway
Croydon North, VIC 3136
CBRE - Melbourne
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

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