278 High StreetShepparton VIC 3630
Property Details for 278 High St, Shepparton
Last Listing description (November 2023)
Colliers and Stonebridge are proud to present Shepparton Retail Hub - A rare opportunity to acquire a 100% leased long WALE regional retail hub with 57% of GLA secured by Wesfarmers within the retail epicentre of the Shepparton CBD.
The Officeworks-anchored retail hub is supported by Red Rooster, Bottle O'Warehouse (Metcash) and a Club Lime Gym (ASX: VVA) across a GLA of 3,820m2*. Shepparton Retail Hub enjoys 114 at-grade car spaces and 301 metres of street frontage including three access points.
The fully leased centre is situated on a 1 hectare* Activity Centre zoned (ACZ) site in the retail epicentre of Shepparton, approximately 190 kilometres north of the Melbourne CBD.
Investment Highlights
- Only Officeworks in the Main Trade Area with nearest Officeworks over 105km* away
- Secure long term lease tenure of 35 years and 13 years to Red Rooster and Officeworks respectively
- 100% leased with superior tenancy composition of non-discretionary and service retailers
- 57% weighting by GLA to ASX Top 10 Covenant Wesfarmers
- Expansive 301m triple frontage to Midland Highway, St Georges Road and Rowe Street
- Highly accessible site with three ingress/egress points
- Central Shepparton CBD position in retail core
- Close proximity to Shepparton Railway Station
- 114 at-grade car parking bays (2.98 per 100 sqm of GLA)
- 50% regional stamp duty concession
Shepparton Retail Hub will be offered for sale via Expressions of Interest (EOI) closing Wednesday, 29th November 2023 at 2PM (AEDT).
For further information or to arrange an inspection, please contact the exclusive marketing agents at Colliers and Stonebridge.
Colliers
Tim McIntosh | 0488 320 063
James Lawson | 0488 167 173
Stonebridge
Justin Dowers |0438 098 805
Rorey James | 0439 400 081
*Approximate and indicative only
Property History for 278 High St, Shepparton, VIC 3630
- 06 Feb 2024Sold for $11,610,000
- 27 Oct 2023Listed for Sale Please contact agent
- 09 Nov 2020Listed for Sale Contact Agent
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0About Shepparton 3630
The size of Shepparton is approximately 42.9 square kilometres. It has 101 parks covering nearly 25.5% of total area. The population of Shepparton in 2011 was 29,553 people. By 2016 the population was 31,204 showing a population growth of 5.6% in the area during that time. The predominant age group in Shepparton is 0-9 years. Households in Shepparton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Shepparton work in a professional occupation. In 2011, 59.9% of the homes in Shepparton were owner-occupied compared with 58.6% in 2016.
Shepparton has 18,086 properties. Over the last 5 years, Houses in Shepparton have seen a 66.20% increase in median value, while Units have seen a 56.61% increase. As at 30 September 2024:
- The median value for Houses in Shepparton is $473,094 while the median value for Units is $342,563.
- Houses have a median rent of $460 while Units have a median rent of $380.
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