Bacchus Marsh Village Shopping Centre

176 Main Street, Bacchus Marsh VIC

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.

Ownership interest 100%
Cap rate 6.50%
Valuation date December 2015
Acquisition date July 2013
Site area 42,550m2
Gross lettable area 16,148m2
Occupancy 88%
WALE by income 7.5years
Rent review stucture CPI and Fixed
Major tenants by income Coles, ALDI and Target Country
Parking spaces 680
Valuation range $60-70 million