AUSTRALIAS NEWEST COLES ANCHORED NEIGHBOURHOOD SHOPPING CENTRE SURROUNDED BY UNPRECEDENTED GROWTH
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Armstrong Creek Shopping Centre 500-540 Torquay Road, Armstrong Creek VIC 3217

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Colliers International is proud to offer for sale the brand-new Armstrong Creek Shopping Centre, Armstrong Creek, Victoria.   

On completion, the Centre will present as a highly convenient, non-discretionary offering, comprising 9,755sqm* of floor space on a landmark 2.065 hectare site*.

The key investment highlights are:

Anchored by full-line Coles supermarket with highly attractive percentage rent threshold

Serviced by 441 at-grade car spaces

Over 24,000* vehicles passing daily along the Surf Coast Highway

MTA estimated retail spend of $915.9 million in 2019, forecast to grow 5.2% p.a to $2.03 billion by 2036^

Main Trade Area population of 61,300 people in 2019 forecast to grow at 4.3% p.a. to 116,000 by 2036^

Median Primary Sector Individual income 28% above Victorian Average^

The Centre will be complimented by a future Town Centre incorporating 75,000sqm of retail, 50,000sqm of non-retail floor space and 1,249 dwellings*

FOR SALE VIA PUBLIC EXPRESSIONS OF INTEREST CLOSING THURSDAY 2nd APRIL 2020 AT 2.00PM (AEDT)


For further information please contact the exclusive sales and marketing agents:

Tim McIntosh
+61 488 320 063

Mike Crittenden
+61 400 544 045

*Approximate
^Ethos Urban February 2020

Inspections

No open inspections scheduled.

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Key details

Property Type:Retail
Stamp Duty:$274,870*
*These are approximate values based on available information.
Colliers International Melbourne

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Property history
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Suburb and property insights

Median salesMedian sales
 
Average Age
30 years
Population
4,247
Armstrong Creek's Property Profile
Armstrong Creek's Occupancy

Contact agents

Colliers International Melbourne

Colliers International Melbourne

View agency details
Tim McIntoshColliers International Melbourne
Mike CrittendenColliers International Melbourne
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Listing ID: 179176326. This listing has been viewed 0 times. It was first displayed on 03/02/2021 and last updated on 03/02/2021.
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