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Address available on request Camberwell, VIC 3124

Address available on request,
Camberwell, VIC 3124

Shops & Retail

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Range: $67,060,000 - $77,940,000

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Irreplaceable retail investment within the heart of Camberwell in one of Melbourne's most affluent catchments

Located in the heart of Melbourne's prestigious and rarely traded inner eastern suburbs, less than 8 kms from the Central Business District, The Well presents a unique opportunity to acquire an outstanding, once in a cycle retail investment, within one of Melbourne's most affluent catchments. We draw attention to some of the impressive investment highlights:

- Thriving, super prime shopping complex, securely anchored by a Coles supermarket, JB Hi-Fi, Dymocks, Goodlife Health Club, together with 27 specialty shops & kiosks, providing a total GLA of 9,325 sqm

- Landmark site within the heart of Melbourne's prestigious & rarely traded inner eastern suburbs, less than 8 km from the Melbourne CBD

- Densely populated and growing MTA of 58,380 residents, including 21,240 residents in the PTA, with the development of 2,861 residential dwellings by 2018 expected to drive the MTA population to 65,430 residents by 2025, including 24,400 residents in the PTA, reflecting robust average annual growth of 1.4%^

- One of the most affluent catchments in Melbourne with per capita & household income some 45% & 42%, respectively, above the Melbourne metropolitan average^

- High spending power demographic with a major retail expenditure pool of $985 million & a per capita retail spend of $16,876, some 26% above the Melbourne metropolitan average^

- Exceptional income security via a WALE of 6.7 years, including long lease covenants to leading national retailers until at least 2023, representing 75% of GLA and 62% of gross income

- Fully leased net income of $4,914,000 p.a. as at 31 December 2015

^ Source: Urbis Market Profile, September 2015

EXPRESSIONS OF INTEREST
Closing 22 October, 2015 at 12 noon (AEDT)

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Property ID: 501714461Last Updated: 24 Nov 2016

02 9220 85...
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Address available on request
Camberwell, VIC 3124
JLL - Sydney
Level 27, 180 George Street
SYDNEY, NSW 2000

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