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.
|Valuation date||December 2015|
|Acquisition date||July 2013|
|Gross lettable area||17,427m2|
|WALE by income||4.1 years|
|Rent review stucture||CPI and Fixed|
|Major tenants by income||Coles, ALDI and Target Country|
|Valuation range||$50-60 million|