Maroondah Village Shopping Centre, Maroondah Village Shopping Centre - 401-415 Maroondah Highway, Croydon North VIC

JLL Retail Investments has the exclusive privilege of offering for sale Maroondah Village Shopping Centre. A rare opportunity to acquire a metropolitan Melbourne located Coles anchored shopping centre with 11 shops.

Maroondah Village Shopping Centre is positioned on a highly strategic corner landholding and is the primary retail precinct within Croydon North, approximately 30km* east of the Melbourne CBD.

Situated on major 7,707sqm* Commercial 1 Zoned (C1Z) site, the centre benefits from triple street frontages and exposure to the homeward-bound side of Maroondah Highway.

The shopping centre is well serviced by approximately 113 at-grade car parking with dual access via either Maroondah Highway or Exter Road providing exceptional convenience for customers. 

Key details of the opportunity include:

+ Anchored by 2,074sqm Coles Supermarket with an efficient 3% occupancy cost ratio

+ 7,707sqm* Commercial 1 Zoned (C1Z) site benefitting from triple street frontages and exposure to over 48,000* daily passing vehicles

+ 67% of centre underpinned by a NET lease to Coles Group^

+ Low average gross specialty rents of $559/sqm, 49% below Urbis benchmarks ($1,102/sqm)1

+ Croydon North median house price is 20% above the Melbourne average

+ At-grade carparking for 113 vehicles providing superior shopping convenience for customers

+ Strong population growth within the city of Maroondah, forecasted to grow by 17% by 20413

+ Fully leased NET income of $859,747

*Approx.

^By GLA

1Urbis Shopping Centre Benchmarks (2023)

3Source Forecast.id

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

Tom Noonan | 0402 319 698

Stuart Taylor | 0428 000 000

MingXuan Li | 0498 688 998

中文普通话咨询物业详情，请联系Mingxuan Li李名轩。 手机： 0498 688 998， 电子邮件： Mingxuan.Li@jll.com， 或微信ID: Mingxuanli777