Bacchus Marsh Village Shopping Centre is a sub-regional centre located approximately 49 kilometres west of Melbourne’s CBD.
The Centre forms a large and integral part of Bacchus Marsh’s retail and commercial precinct and is the township’s key shopping strip. The centre has undergone a very strong redevelopment with a number of projects including expansions and full refurbishments of its main anchors Coles and ALDI. These anchor tenants are supported by 68 specialties. The centre has been positioned as the convenience shopping destination for all residents of Bacchus and its primary trade area. Improved car parking on site comprises a mixture of on-grade and multi-level deck parking for approximately 680 vehicles.
Our main focus is to deliver 100% occupancy in line with the development project leasing strategy which will be enhanced following the finalisation and full refurbishment of the Coles supermarket expansion. The centre has recently experienced strong leasing activity with a number of new and renewed leasing deals which bodes well for our ongoing leasing activities.
|Valuation date||December 2015|
|Acquisition date||July 2013|
|Gross lettable area||16,148m2|
|WALE by income||7.5years|
|Rent review stucture||CPI and Fixed|
|Major tenants by income||Coles, ALDI and Target Country|
|Valuation range||$60-70 million|