Colonial First State to Sell Slither of Shops Alongside Forest Hill Chase SC

The portfolio includes a three level former cinema at 63 – 67 Mahoneys Road.

Given rentals start at $14,800 per annum, Mr Darcey is expecting the portfolio to attract interest from budget-buying mum and dad private investors.

Colonial First State acquired the strip of shops, at the corner of Mahoneys and Canterbury roads, when it acquired the major shopping complex for $214.5 million in late 2004.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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