SOLD
Sold on 06 Feb 2024 for $11,610,000

278 High Street
Shepparton VIC 3630

Bedrooms: -
Bathrooms: -
Car spaces: 112
Land area: 10145m2
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Property Details for 278 High St, Shepparton

Building Type
Commercial
Land Size
10145m2
Local Government
Greater Shepparton
Lot/Plan
PC364248

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

A timeline of how this property has performed in the market
Last Sold
$11,610,000
06 Feb 2024
Listed for Rent
08 May 2019
  • 06 Feb 2024
    Sold for $11,610,000
  • 27 Oct 2023
    Listed for Sale Please contact agent
  • 09 Nov 2020
    Listed for Sale Contact Agent
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About 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 18,122 properties. Over the last 5 years, Houses in Shepparton have seen a 61.75% increase in median value, while Units have seen a 60.08% increase. As at 31 October 2024:

  • The median value for Houses in Shepparton is $463,673 while the median value for Units is $340,438.
  • Houses have a median rent of $460 while Units have a median rent of $380.
There are currently 53 properties listed for sale, and 31 properties listed for rent in Shepparton on OnTheHouse. According to CoreLogic's data, 648 properties were sold in the past 12 months in Shepparton.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.