Name: Coles Essendon, 1144 Mt Alexander Road & 19 Winifred Street, Essendon, VIC 3040
Address: Coles , 1144 Mt Alexander Road & 19 Winifred Street , VIC, Essendon, VIC, 3040
Telephone: +61 422 764 137

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SOLD

Coles Essendon, 1144 Mt Alexander Road & 19 Winifred Street, Essendon, VIC 3040

Properties / Sold / Victoria / Essendon

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Other, Retail/Shopping Centre

Land Area

7,370 m² (*approx)

Selling Method

EOI: Contact the Stonebridge Team

EOI Closing Date

15 May 2024 05:00PM

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2. Property Highlights

Essendon’s Premier Development & Income Producing Opportunity

7,370 sqm* Commercial 1 Zoned Site
Anchored by Coles Supermarket
Excellent Development Potential (STPA)

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

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 张超

0411 625 068

*Approximately

^REIV December Quarter 2023

Property Code: 925

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