Broadmeadows

Project Description

The property is located within the established residential suburb of Broadmeadows, approximately 15 kilometres north of the Melbourne central business district. The developing urban fringe suburbs of Coolaroo and Roxburgh Park are to the north. The property was redeveloped in 2010 at a cost of $5.8 million. The Trust received an 8% return on the development cost. The property is positioned opposite the Broadmeadows town centre shopping centre, and benefits from having frontage to Pearcedale Parade, and access to Pascoe Vale Road from an adjoining large carpark. The nearby Broadmeadows civic/commercial area comprises retail premises and municipal offices with ready access to bus and rail services.

* Rent review outcome pending

Land area

17,717 m²

The total GLA/retail area

12,765 m²

Lease Commencement Date

24/9/1998

Total Property Cost

$14,136,700

Current valuation

$32,000,000

Annual Rent

$2,007,269 *

Project Location

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