Croydon

Project Description

The property is situated on the Maroondah Highway, approximately 32 kilometres east of the Melbourne central business district. The property forms part of an established large format retail precinct, sharing a central car park with the Chirnside Homemaker Centre which includes retailers such as Furniture Galore, Nick Scali and JB Hi-Fi. Croydon and the adjoining suburbs of Chirnside Park and Mooroolbark form part of a residential area that has been progressively developed since the 1980's. Land subdivision and new housing is occurring to the north of the property. Maroondah Highway is a major arterial road that provides access from the eastern suburbs of Melbourne to the central business district. On the southern side of the property are large industrial developments including Black and Decker and Arlec Electronics, and opposite the property is the Yarra Valley golf park and community facilities. Chirnside Park shopping centre, a sub regional shopping centre is located less than a kilometre north of the property.

Land area

37,930 m²

The total GLA/retail area

13,292 m²

Lease Commencement Date

24/9/1998

Total Property Cost

$14,265,402

Current valuation

$35,900,000

Annual Rent

$1,976,980

Project Location

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