UNDER NEGOTIATION

Heritage Springs Shopping Village is fully leased and proudly hosts over 24 retailers, including nationally recognised tenants such as Coles, Brumbies, Chemist Warehouse, Nando's, Tatts and Liquorland. Also on title is a Coles Express Service Station along with an Envirocare car & dog wash.

Located in Pakenham, the heart of Melbourne's south east growth corridor, and surrounded by successful residential developments. The 156 Ha Heritage Springs estate sold the last of its 1150 lots in late 2013; so 2 years ago. The Centre is also supported by the Blue Horizons Estate, 480 lots, which is located at corner of Henry Rd & McGregor Rd which is adjacent to the shopping centre. It also draws Coles buyers from the Lakeside Pakenham Estate.

The Neighbourhood Centre is unique with its 4 road frontages presenting an excellent long term investment option.

There 15 year Coles lease has 7 1/2 years remaining in their first term, plus two further option terms of 10 years. The WALE for the centre is 6.21 years.

Spread over 2.2 hectares with an astounding 278 on site car parks the shopping centre totals 5,267m² GLA plus ground leases of 1,700m² carwash and 1,686m² service station respectively.

Make contact to request and Information Memorandum and to express interest in this sought after investment opportunity
Close to Pakenham By Pass