Retail

West Place Shopping Centre

10 West Place Churchill, VIC Australia 3842
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

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Key Facts

Building Area

Property Description

The JLL Retail Investments Team is pleased to present the opportunity to acquire a 100% stake in West Place Shopping Centre located in the heart of Churchill, Victoria.


The Asset

West Place Shopping Centre is a convenience based single level neighbourhood shopping centre comprising a total lettable area of 4,703 square metres, securely anchored by a strong performing full-line Woolworths supermarket and thirteen (13) tenancies. Woolworths supermarket anchors 64% of the Centre’s total GLA. 


The Location

Situated within the heart of the Latrobe Valley, West Place Shopping Centre is located 160km from the Melbourne CBD, approximately 12km south of Morwell


*All figures reflected above are approximate

Investment Highlights

  • Anchored by strong performing Woolworths Supermarket
  • 62% of income underpinned by Woolworths Supermarket
  • 98% of income derived from non-discretionary tenants
  • Convenient parking for 179 vehicles (3.8 cars per 100sqm)
  • Fully leased net income of $1,040,125 p.a
  • Home to Federation University's Gippsland Campus

*All figures reflected above are approximate

Last Updated Date: 02 Sep 2020
Tom Noonan
Director, Retail Investments
Stuart Taylor
Senior Director - Retail Investments VIC

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Last Updated Date: 02 Sep 2020

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