Modern homemaker centre located 12km west of Melbourne CBD featuring 24,885sq m of lettable area. The property is set on a 6.075ha site, with site cover of 41% and convenient at grade car park for 803 vehicles (1:32sq m).
The centre is anchored by national tenant Harvey Norman, occupying approximately 30% of the centre and comprising approximately 41% of gross income on a 10-year lease expiring October 2022 with 3 x 5 year options.
National tenants represent 55% gross passing income, including KFC, Harvey Norman and Beds n Dreams.
Significant development potential under proposed planning scheme amendment – potential for mixed use development of up to 8-9 storeys.
Excellent exposure with circa 70,000 vehicles per day driving past the property on Ballarat Road.
Sentinel Homemaker Trust is an open ended Pooled Trust also compromising of
Geraldton Homemaker Centre and Nowra House & Home.