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Woodgrove Shopping Centre 533-555 High Street, Melton West, VIC, 3337

Properties / Buy / Victoria / Melton West

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Closing Thursday 7 November, 2:00pm

Land Area

273,206 m² (*approx)

Property Type

Retail

Sub-type

Shopping Centre

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2. Property Highlights

Ultra-Dominant Regional Shopping Centre Anchoring the Melbourne West Growth Corridor

Strategic retail investment of unique scale & dominance
Extremely high rate of population growth
Multiple value-add opportunities (STCA)

Woodgrove Shopping Centre & Coburns Central, Melton West, VIC

Colliers and JLL are pleased to offer to market a 100% interest in Woodgrove Shopping Centre, an exceptional metropolitan Melbourne retail offering. Located 38km west of the CBD in the City of Melton, one of the fastest growing municipalities in Australia, the properties occupy an expansive 27.3-ha site.

Woodgrove Shopping Centre is an ultra-dominant regional centre anchored by Coles, Woolworths, ALDI, Kmart, Big W, Harris Scarfe, and Reading Cinemas. The centre draws from a captive trade area population of 172,100, forecast to increase to 290,120 by 2039, representing an average growth rate of 3.5% p.a.

Located adjacent to Woodgrove Shopping Centre and included in the offering are Coburns Central, a strong performing Woolworths anchored Neighbourhood Centre; a well-established medical centre; as well as surplus land totalling 4.0-ha.

Investment Highlights

Ultra-dominant one-stop shopping destination
Highly sought-after quadruple supermarket offering
$526.7 million total MAT¹
9.6 million annual foot traffic²
Captive TTA population forecast to grow by 3.5% p.a. to 2039³
Expansive 27.3-ha site with a low coverage ratio of 27.4%
Multiple value-add opportunities (STCA)
Located in one of the fastest growing municipalities nationally

The properties are available for sale via an international expressions of interest (EOI) campaign closing 2:00pm Australian Eastern Daylight Time (AEDT) on Thursday, 7th November 2024.

For further information on the sale process or to arrange an inspection of Woodgrove Shopping Centre, please contact Lachlan MacGillivray of Colliers or Nick Willis and Sam Hatcher of JLL.

* All figures approximate and site boundary outlines indicative only.
¹ MAT is GST inc. as at Aug-24. Includes sales from Woodgrove SC and Coburns Central.
² Foot traffic as at Aug-24, Woodgrove SC and Coburns Central combined.
³ Urbis, Oct-24

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