72-100 Young StreetDrouin VIC 3818
Property Details for 72-100 Young St, Drouin
Last Listing description (November 2023)
JLL Retail Investments has the exclusive privilege of offering for sale Woolworths Drouin Central, a strong performing neighbourhood shopping centre designed for convenience.
Woolworths Drouin Central is anchored by a strong performing Woolworths Supermarket, which accounts for 80% of the assets income, and is currently paying percentage rent, positioning the asset for superior growth.
The centre is situated on a prominent landholding in the centre of Drouin, and is the only full-line supermarket within the Main Trade Area.
Drouin is located 87* kilometres south-east of the Melbourne CBD, just outside of Metropolitan Melbourne, less than 30 minutes from the suburb of Pakenham.
Key details of the opportunity include:
+ Strong Performing Woolworths - Full-line supermarket paying percentage rent
+ High Growth Location Booming population growth (2.1% Y.o.Y till 2041^) nearly double the Australian average
+ Dominant Offering - Located at the centre of a rapidly expanding catchment, and the only full-line supermarket in the Main Trade Area
+ Defensive Income Profile Providing a net income of $1.2 million* of which 77%* is underpinned by Woolworths
+ Metro Melbourne Fringe Location Potentially eligible for Victoria's recent 50% stamp duty concession for commercial property
*Approx.
^LocationIQ Report October 2023
'Woolworths Drouin Central' is For Sale by Expressions of Interest closing Thursday 23 November 2023 at 3pm (AEDT)
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, JLL:
Stuart Taylor | 0428 000 000
Tom Noonan | 0402 319 698
MingXuan Li | 0498 688 998
Woolworths Paying Percentage Rent
Defensive Income Stream
High Growth Location
Property History for 72-100 Young St, Drouin, VIC 3818
- 01 Dec 2023Sold for $20,350,000
- 27 Oct 2023Listed for Sale Contact Agent
- 15 Mar 2019Listed for Rent - Price not available
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0About Drouin 3818
The size of Drouin is approximately 52.4 square kilometres. It has 47 parks covering nearly 4% of total area. The population of Drouin in 2011 was 9,685 people. By 2016 the population was 12,348 showing a population growth of 27.5% in the area during that time. The predominant age group in Drouin is 0-9 years. Households in Drouin are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drouin work in a trades occupation. In 2011, 72.9% of the homes in Drouin were owner-occupied compared with 71.7% in 2016.
Drouin has 9,273 properties. Over the last 5 years, Houses in Drouin have seen a 41.67% increase in median value, while Units have seen a 37.85% increase. As at 31 October 2024:
- The median value for Houses in Drouin is $648,469 while the median value for Units is $425,725.
- Houses have a median rent of $500 while Units have a median rent of $420.
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