Stonebridge Property Group is pleased to present for sale Coles Essendon, a substantial 7,370 sqm* Commercial 1 zoned landholding in the heart of the North Essendon Activity Centre with strong existing income.
The key highlights of the opportunity include:
- One of Essendon’s largest Commercial 1 zoned landholdings, providing unmatched scope for future development (STPA)
- Strong & secure existing income anchored by a freestanding Coles supermarket paying substantial percentage rent
- Unparalleled connectivity with a tram stop 90 m* away plus immediate access to major roads, bus and train services (950 m* to Glenbervie Station)
- Adjoining parklands & benefitting from excellent dining options, schools and airports nearby
- Situated in the heart of the Essendon North Activity Centre as part of Victoria’s Housing Statement
- Affluent demographic with a median house price of $1.76 million^ supporting strong residential and retail demand
- Estimated fully leased net operating income of $724,952* p.a
Coles Essendon is offered for sale via Public Expressions of Interest closing Wednesday 1st May at 5.00 pm (AEST).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Julian White
0422 764 137
Justin Dowers
0438 098 805
Chao Zhang ??
0411 625 068
*Approximately
^REIV December Quarter 2023
Property Code: 925