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The property is a fully enclosed, neigbourhood shopping centre originally constructed in 1967. It is situated on the corner of Springfield Road and Williams Road, North Blackburn, Victoria. The Centre comprises two major supermarkets, along with more than 40 specialty retail stores, including an extensive range of service businesses. It also has substantial car parking available for retail shoppers.

Property information

This property information is current at 31 December 2017. We are not aware of any change to these details at the time of publishing.

Property details

  • Lettable Area (sqm)
    11,905
  • Major tenant
    Woolworths
  • No. of Tenants
    52
  • Occupancy Rate by area (%)
    94.90
  • Weighted Average Lease Expiry by income (years)
    2.82
  • Current Valuation ($m)
    55.2
  • Valuation date
    Oct 2017
  • Capitalisation Rate %
    6.5
  • Book Value ($m)
    55.43

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