Dandenong Plaza, Cnr Walker St & McCrae,
Dandenong, VIC 3175
Shops & Retail
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Range: $182,225,000 - $211,775,000
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Map of Dandenong Plaza, Cnr Walker St & McCrae
Major Melbourne sub regional shopping centre at the gateway to the fastest population growth region with significant value add opportunities
- Dominant 57,116 sqm* food, service & convenience based sub-regional shopping complex, comprising Kmart, Target, Coles, Woolworths, ALDI and Reading Cinema Complex, together with 166 specialty retailers
- Immediate opportunities for value add, income & capital growth via identified & ongoing repositioning & re mixing strategies
- Significant CBD & high profile 77,140 sqm site, with extensive & easily accessible parking for 3,248 cars
- Attractive sales growth post successful repositioning including ALDI, JB Hi-Fi, Daiso, Trade Secret and enhancement of specialty profile, securely underpinned by recent renewals of key majors Target, Woolworths, Coles and Kmart
- Extensive & fast growing TTA of 448,100 residents, inclusive of 190,580 residents within the MTA, with robust, projected TTA growth of 1.5% p.a. expected to reach 525,050 residents by 2026^
- High 4.7% p.a growth in retail expenditure, expected to increase from $5.6 billion within the TTA to $9.2 billion by 2026^
- Unprecedented $1.2bn public & private sector investment earmarked for the Dandenong city centre as part of the Revitalising Central Dandenong initiative^
- Fully leased net income of $19,425,000 p.a.* as at 31 December 2015
^ Source: Location IQ, September 2015
* approx
EOI Closing 12 noon (AEDT), Thursday 5 November 2015
- Immediate opportunities for value add, income & capital growth via identified & ongoing repositioning & re mixing strategies
- Significant CBD & high profile 77,140 sqm site, with extensive & easily accessible parking for 3,248 cars
- Attractive sales growth post successful repositioning including ALDI, JB Hi-Fi, Daiso, Trade Secret and enhancement of specialty profile, securely underpinned by recent renewals of key majors Target, Woolworths, Coles and Kmart
- Extensive & fast growing TTA of 448,100 residents, inclusive of 190,580 residents within the MTA, with robust, projected TTA growth of 1.5% p.a. expected to reach 525,050 residents by 2026^
- High 4.7% p.a growth in retail expenditure, expected to increase from $5.6 billion within the TTA to $9.2 billion by 2026^
- Unprecedented $1.2bn public & private sector investment earmarked for the Dandenong city centre as part of the Revitalising Central Dandenong initiative^
- Fully leased net income of $19,425,000 p.a.* as at 31 December 2015
^ Source: Location IQ, September 2015
* approx
EOI Closing 12 noon (AEDT), Thursday 5 November 2015
Property ID: 501720749Last Updated: 24 Nov 2016
02 9220 85...
Dandenong Plaza, Cnr Walker St & McCrae
Dandenong, VIC 3175
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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