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The property is an open configured sub-regional shopping centre located at the intersection of Princes Highway and Pioneer Road, seven kilometres from the Geelong central business area. The region’s steady population growth and the continued residential land sub divisions close to the Centre are predicted to have a positive impact on retail sales. It also has substantial car parking available for retail shoppers.

Property information

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

Property details

  • Lettable Area (sqm)
    48,581
  • Major tenant
    Coles
  • No. of Tenants
    126
  • Occupancy Rate by area (%)
    93.66
  • Weighted Average Lease Expiry by income (years)
    6.6
  • Current Valuation ($m)
    123.00
  • Valuation date
    June 2016
  • Capitalisation Rate %
    6.50
  • Book Value ($m)
    123.64

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