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 is anchored by a Coles supermarket, ALDI supermarket and Target Country discount department store. These anchor tenants are supported by three mini-majors, 42 specialties, and three kiosks. Car parking on site comprises a mixture of ongrade and multi-level deck parking for approximately 680 vehicles. The centre has undergone a strong redevelopment and refurbishment program to utilise surplus space to expand the major tenancies and upgrade the centre, including the extension and refurbishment of both ALDI and Coles supermarkets while also refurbishing the internal malls and entry canopies.

The property also incorporated a developable parcel of land approximately 8,350m² which has been developed into a Coles Express service station and additional car parking for the centre.

Ownership interest 100%
Cap rate 6.75%
Valuation date December 2015
Acquisition date July 2013
Site area 47,308m2
Gross lettable area 17,427m2
Occupancy 73%
WALE by income 4.1 years
Rent review stucture CPI and Fixed
Major tenants by income Coles, ALDI and Target Country
Parking spaces 680
Valuation range $50-60 million