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Mornington, VIC 3931
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Exceptional Melbourne Metropolitan Neighbourhood Investment Opportunity
• Strong performing neighbourhood shopping centre securely anchored by Woolworths, representing 42% of GLA, secured on a long lease with a WALE of 11.2 years
• Vibrant community hub and dominant convenience offering – the main retail and community centre in eastern Mornington, with an exceptional food, service and convenience tenancy mix with food and service representing 77% of total centre MAT
• Ranked no. 6 by MAT/sqm – SCN ‘Mini Guns’ in Australia for 2017
• Exceptional performing Dan Murphy’s store – the only large format liquor store in the Mornington Peninsula region
• Significant TTA population of 50,430 persons, with 17,700 (or 35%) located within the PTA*
• Growing TTA retail expenditure pool of $729.0m with forecast growth of 3.5% p.a. expected to reach over $1.0bn by 2027, including $327.0m in the PTA*
• Significant food retail and catering expenditure within the TTA accounting for 44% of total retail expenditure – expected to grow by 4.1% p.a. and 5.5% p.a. respectively, key markets of relevance to Woolworths, Dan Murphy’s and other food retail tenants at the centre*
Bentons Square forms part of the Major Australian Shopping Centre Portfolio, comprising 14 high-quality, sub-regional and neighbourhood shopping centre investments
For sale in one line or individually by EOI closing Thursday 23 August at 12 noon (AEST)
All figures above are approximate only
*Urbis, June 2018
• Vibrant community hub and dominant convenience offering – the main retail and community centre in eastern Mornington, with an exceptional food, service and convenience tenancy mix with food and service representing 77% of total centre MAT
• Ranked no. 6 by MAT/sqm – SCN ‘Mini Guns’ in Australia for 2017
• Exceptional performing Dan Murphy’s store – the only large format liquor store in the Mornington Peninsula region
• Significant TTA population of 50,430 persons, with 17,700 (or 35%) located within the PTA*
• Growing TTA retail expenditure pool of $729.0m with forecast growth of 3.5% p.a. expected to reach over $1.0bn by 2027, including $327.0m in the PTA*
• Significant food retail and catering expenditure within the TTA accounting for 44% of total retail expenditure – expected to grow by 4.1% p.a. and 5.5% p.a. respectively, key markets of relevance to Woolworths, Dan Murphy’s and other food retail tenants at the centre*
Bentons Square forms part of the Major Australian Shopping Centre Portfolio, comprising 14 high-quality, sub-regional and neighbourhood shopping centre investments
For sale in one line or individually by EOI closing Thursday 23 August at 12 noon (AEST)
All figures above are approximate only
*Urbis, June 2018
Property ID: 502873498Last Updated: 16 Oct 2018
02 9220 85...
Address available on request
Mornington, VIC 3931
JLL - SydneyLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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