Springhill Shopping Centre, Cranbourne North , VIC**

  • $5,500,000/POA

Property Description

Brand New Neighbourhood Centre in Strong Growth Precinct**

– Rare 20 year lease*** to Coles comprising circa 60%* of forecast fully leased income
– Supported by medical centre and pharmacy (10 year terms) + 13 specialties + 2 ATMS
– Located at Cranbourne North, 45kms south east of Melbourne CBD
– Strong forecast population growth of 7.5% p.a.* to 2016 (source Urbis)
– Outstanding 199m* frontage to the busy Thompsons Rd, adjacent to proposed major BP, McDonalds and KFC
– Convenient on-grade parking for 253 vehicles*
– Forecast fully leased Net Income of $1,874,000 per annum*

*Approx
**Estimated completion April 2012
*** Allows recovery of increases of statutory and variable OG’s after Year 1

For sale by Expressions of Interest closing 12pm (AEDST) 8th November 2011.

Property Code: 189

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